Question

Raj and Rashmi shared profit and losses in the ratio 3:2 respectively. Their balance sheet as on 31 St March , 2020 was under:

Answer 1

Explanation:

This answer is correct and the answer is in navneet book pls write this

Answer 2

Answer:

The books of the partnership, firm are linked in the picture below

Working Note

Average Profit =Total Profit x Number of years=$\frac{96000+162000+147000}{3}= 1,35,000$

Thus, Goodwill value is $1,35,000$

Raj's share in Goodwill=$81000(135000*\frac{3}{5})$

Rashmi's share in the goodwill $= 54000(135000*\frac{2}{5} )$

Hiren is not able to bring goodwill os decided to raise it.

Therefore, goodwill recorded is $135000$

#SPJ3