Question

IS
7. Atmaram and Balaram have been carrying on the business sharing profits and losses in
the ratio of 3 : 1. It is agreed that from 1st April 2018 Balaram is to have 2/5 share in the
future profits for this he should pay a goodwill for the further proportion of profits, such
goodwill is to be valued on the basis of two years purchases of the average of past three
year profits. The profits for the year 2016: 515,000, 2017: 320,000, 2018 : 16,000.
Give necessary journal entries.​

Answer 1

Answer:

23

Explanation:

because you are a fool to ask this question

please mark as brainliest

Answer 2

Answer:

answer is - debate Balram for goodwill -5100