Q6 P and Q were partners sharing profits and losses in the ratio of 3 : 2. They decided that with effect from 1st January, 2019 they would share profits and losses in the ratio of 5 : 3. Goodwill is valued at ₹ 1,28,000. In adjustment entry :
Cr. P by ₹3,200; Dr. Q by ₹3,200
Cr. P by ₹37,000; Dr. Q by ₹37,000
Dr. P by ₹37,000; Cr. Q by ₹37,000
Dr. P by ₹3,200 Cr. Q by ₹3,200
Answers
Answered by
3
Explanation:
dr.pby ₹3.200 cr q by ₹ 3200
Answered by
8
Answer:
SR =OR -NR
3/5-5/8 =1/40 S
2/5-3/8=1/40G
P= 1/40×180000=3200
Q=1/40×180000= 3200
P CAPTIAL A/C. Dr. 3200
To Q CAPITAL A/C. 3200
Explanation:
Hope u getv
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