Accountancy, asked by deepalijain03112002, 10 months ago

rohan and raj are partners sharing profits in ratio of 3:2. they admit rohit as new partner for 1/5th share in profits, 1/4th of which he takes in from rohan and remaining from raj. he brings stocks of rs. 60000,debtors rs. 80000,land rs.100000,plant and machinery rs. 40000as his share of goodwill and capital in cash. on date of rohit's admission goodwill was valued rs. 600000. pass journal entries. this is question of premium for goodwill brought in kind

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