Example: chandan, tara, and ravi were partner in a firm shearing profit of 2:1:2 on 15th march 2016 died and the remaining partner shearing ratio between tara and ravi was 4:1 on chandan death the goodwill of the firm 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 account.
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90000×2/5=36000
90000×1/5=18000
90000×4/5=72000
90000×1/5=18000
chandran got 18000 for treatment
90000×1/5=18000
90000×4/5=72000
90000×1/5=18000
chandran got 18000 for treatment
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