Question

geeta and sita are partners in a firm sharing profits in the ratio of 3:2.they decide to share future profits equally... for this purpose the Goodwill of the firm has been valued at ₹1,00,000.Record necessary adjustment entry for the same​

Answer 1

$\Huge\tt\red{Answer}$

$\sf\pink{Interest\:payable\:to\:Sita=}$

$\longrightarrow$$\sf\pink{30000 \times \frac{3}{5} \times \frac{6}{12} \times \frac{6}{100} }$

$\longrightarrow$$\sf\pink{540}$

$\sf\orange{Interest\:payable\:to\:Geeta=}$

$\longrightarrow$$\sf\orange{30000 \times \frac{2}{5} \times \frac{6}{12} \times \frac{6}{100} }$

$\longrightarrow$$\sf\orange{360}$