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A and B are partners in …

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A and B are partners in a firm sharing profit in 2:1 ratio. They admit C as new partner and new ratio between A, B and C becomes 1:1:1. C brings Rs. 100000 as capital and Rs. 25000 as goodwill out of his total share of Rs. 30000 . Pass necessary journal entries.

Posted by Samadrita Mondal 6 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Vaidehi Saraf 6 years, 9 months ago

Bank a/c Dr 125000 To prem for goodwill a/c 25000 To C's cap. A/c 100000 C's current a/c Dr. 5000 Prem for goodwill A/c Dr. 25000 To A's capital a/c 30000

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