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A ,B and C are partner …

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A ,B and C are partner sharing profit in the ratio 3:2:1 . B died on 31 july 2018 . on b death goodwill of the firm valued is rs 60000 pass journal entries for treatment of goodwill

Posted by Anjani Devi 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Shanu Kumari 6 years, 10 months ago

Gaining ratio =3.1 B's goodwill = 60000*2/6= 20000 A's goodwill=20000*3/4=15000 B's goodwill=20000*1/4=5000 Jounral entry A's capital Dr. 15000 C's capital Dr. 5000 To B's capital. 20000

Gaurav Mukesh 6 years, 10 months ago

G.R. of A and C = 3:1 B share of goodwill = 2/6×60,000 = 20,000 Journal entry. Dr. Cr A' s capital A/C ....Dr. 5,000 To B's capital A/C. 15,000 ( Being share of goodwill of deseaded partner is distributed to remaining partner in their gaining ratio

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Munni Lal 1 year, 5 months ago

CBSE > Class 12 > Accountancy

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