Question

Vimal and Nirmal are partners in a firm sharing profits and losses in the ratio of 3: 2. On 31st​

Answer 1

Answer:

Refer the aatchment for ur ans ..

Answer 2

Answer:

Vimal and Nirmal are partners in firm sharing profits and losses in the ratio of 3: 2.

Explanation:

Vimal's sacrifice = 3/5 x 1/5 =3/25

Nirmal's sacrifice= 2/5 x 2/5= 4/25

Sacrificing ratio= 3: 4

Kailash's share= 3/25 + 4/25 = 7/25

Firm's goodwill= Rs. 75000

Kailash's share of goodwill= 75000 x 7/25

                                              = Rs. 25000

Journal entry:

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