Question

p and q are partners with capital of rs200000 abd rs100000. Profit sharing ratio 3:2. they admitted R as apartner with 1/5 share in firm profit. he brings 100000as his share if capital and necessary anount of goodwill paas journal entries regard capital and goodwill on R admission +2commerce​

Answer 1

Answer:

this is the answer.........when all partners capital account is given and new partner capital account is given.....then this is hidden goodwill.....I have calculated the hidden goodwill....u have to revise it....it's important....i hope it's help tu....