Question

C is to introduce 25000 as capital and 7000 as premium for Goodwill in cash (pass journal entries)

Answer 1

Bank a/c.                        Dr.  32000

 To C's capital a/c.                    25000

 To Premium for goodwill a/c.  7000.    

( Being the amount brought by C )

Answer 2

Answer:

Bank a/c.                        Dr.  32000

To C's capital a/c.                    25000  

To Premium for goodwill a/c.  7000.      

( Being the amount brought by C )

Explanation:

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