Arjun and Rama distributed profits and losses in the ratio 3:2 starting 1st April 2019, they accepted to distribute profits evenly. Goodwill of the business was accounted for at ₹50,000. Prepare the journal for the accounting of goodwill:
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The following data was collected when a reaction was performed experimentally in the laboratory.
Reaction Data
Reactants:
Fe2O3 (Starting Amount in Reaction 3 moles)
Al (Starting Amount in Reaction 5moles)
Products:
Al2O3 (Starting Amount in Reaction?)
Fe (Starting Amount in Reaction?)
Determine the maximum amount of Fe that was produced during the experiment. Explain how you determined this amount.
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