Q. 21. A and B are partners sharing profits and losses in the ratio of 3 : 1. It was
decided that with effect from 1st January 2002 the profit sharing ratio will be 5:3
for 1999, 2000 and 2001 were 36,000, 232,000 and 40,000 respectively.
Pass the necessary journal entry for the treatment of goodwill without opening
Goodwill Account
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I don't have answer so sorry
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