Question

manam Nath and Narayan were partners in a firm sharing profits in the ratio of 1 ratio 2 ratio 1 the comp closes its books on 31st March every year on 13th September 2015 Maths guide on that beat his capital account should a Debit balance of rupees 50000 there was a Debit balance of base 30000 in the profit and loss account the Goodwill of the bomb was valuated at rupees 380009 share of profit in the year of his death was to be calculated on the basis of average profit and loss 5 years which was his 90005 necessary journal entries in the books of the form on Nath death

Answer 1

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