Question

Gain)
Par in) When no goodwill appears in the books
LUSTRATION 8. (Comprehensive Illustration) A, B and C who are presently sharing
s in the ratio of 5: 3:2 decide to share future profits and losses equally with effect from 1st
Is she 2016. The goodwill of the firm has been valued at 3,60,000. Show the necessary entries in
2:1 of the following alternatives :
b) When goodwill appears in the books at 3,60,000
When goodwill already in the books is at 60,000
When goodwill already appears in the books at 4,20,000​

Answer 1

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