Question

co
profit
on ist
Ratio
5:2:3
P, Q and
are partners sharing
and
loss in the
April 2009 cs is
is admitted for lls the shore
Furtune prorits Good will of the Firm
valued at 5
on the samy day
CR retines New profit sharing
P & O is
240,000
Ratio or
3:1
Goodwill is raised to the extent of ereting
partners fs brings his share of Goodwill
give the journal entries regarding Goodwill
Goodwill
G​

Answer 1

Answer:

P and Q are partners in a firm sharing profit in ratio 5:3. Pass goodwill of firm valued at Rs.40,000. Pass journal for goodwill?