Question

s) Anant, Gulab and Khushbu were partners in a firm sharing profits in the
ratio of 5:3:2. From 1.4.2014, they decided to share the profits equally. For
this purpose the goodwill of the firm was valued at 32, 40,000.
Pass necessary journal entry for the treatment of goodwill on change in the
profit sharing ratio of Anant, Gulab and Khushbu.

--
-​

Answer 1

Answer:

gulab a/c....Dr 108000

khushbu a/c...Dr 432000

To anant a/c 540000