Question

chandan ,tara and ravi were partners in a firm sharing profit of 2:1:2 on 15th march 2016 died ,and the ramainig partner sharing ratio between tara and ravi was 4:11 on chandan's death the goodwill of the was valued at rs.90000 calculate gaining ratio and pass necessary journal entry for the treatment of goodwill on Chandan's death without opening goodwill a/c

Answer 1

Here is the gaining ratio and the necessary journal entry