Pass the JUUN.
[Ans.. DI. AUUUJJ
(Ans.: (i) Dr. X's Capital A/c—6,000; Y's Capital A/c—3,600 and Z's Capital A/c—32,400;
Cr. Goodwill A/C-12,000; (ii) Dr. Y's Capital A/C-1,000 and
Z's Capital A/C-4,000; Cr. X's Capital A/c-5,000.]
equally with effect from 1st April, 2018. On that date, the goodwill appeared in the books at 12,000. But it
X Y and Z are partners sharing profits and losses in the ratio of 5:3:2, decided to share future profits and losses
was revalued at $30,000. Pass Journal entries assuming that goodwill will not appear in the books of account.
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