On 1st April 2018 a firm had total assets of rs. 300000 excluding cash of rs 70000. Partners capital ac showed a bal. Of 230000 the current lia. We're rs 50000 and bal. Constitued to reserve if NRR Is 12% and goodwill of firm os 120000 at 3 year purchase of super profit. Find AP
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On 1st April 2018 a firm had total assets of rs. 300000 excluding cash of rs 70000. Partners capital ac showed a bal. Of 230000 the current lia. We're rs 50000 and bal. Constitued to reserve if NRR Is 12% and goodwill of firm os 120000 at 3 year purchase of super profit. Find AP
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