Accountancy, asked by hv2437114, 1 day ago

Ans. Himal and Nirmal are partners in a firm sharing profits and losses in the ratio of 3:2. A new partner olash is admitted, Vimal gives 1/5th of his share and Nirmal gives 2/5th of his share in favour of Kailash. for the purpose of Kailash's admission, goodwill of the firm is valued at 75,000 and Kailash brings his share of goodwill in cash which is retained in the business. Journalise the above transactions. 12.6.7 Sacrificing Ratio-3:4; Kailash's Share of Goodwill-21,000 R 75,000 x 7/25); Datin

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Answered by navinsarswat477

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