Question

COMISSION OF A PARTNER
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QAnju and Manju are partners, sharing profits and losses in the proportion
7: They agreed to admit Meenu, their manager, into partnership, who is to get
arth share in the business. Meenu brings in 2,00,000 for her capital and 96,000 for
di share of goodwill which she acquires 1/24th from Anju and 1/8th from Manju. The
it for the first year of the new partnership amount to 34,80,000
Make the necessary Journal entries in connection with Meenu's admission and divide
motit between the partners.​

Answer 1

Answer:

QAnju and Manju are partners, sharing profits and losses in the proportion

7: They agreed to admit Meenu, their manager, into partnership, who is to get

arth share in the business. Meenu brings in 2,00,000 for her capital and 96,000 for

di share of goodwill which she acquires 1/24th from Anju and 1/8th from Manju. The

it for the first year of the new partnership amount to 34,80,000

Make the necessary Journal entries in connection with Meenu's admission and divide