Question

Matment of Goodwill
13. Sunil Shahid and David are partners sharing profits and losses in the ratio of 4:3:2.Shahid retires and the
Sunil and David decided to share future profits and losses in the ratio of 5:3.
goodwill is valued at 72,000.Calculate Shahid's share of goodwill and pass the Journal entry for Goodwill.
were partners in

Answer 1

Answer:

Matment of Goodwill

13. Sunil Shahid and David are partners sharing profits and losses in the ratio of 4:3:2.Shahid retires and the

Sunil and David decided to share future profits and losses in the ratio of 5:3.

goodwill is valued at 72,000.Calculate Shahid's share of goodwill and pass the Journal entry for Goodwill.

were partners in

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