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Goodwill in books=60000, Goodwill of firm=90000 …

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Goodwill in books=60000, Goodwill of firm=90000 change in profit sharing ratio from 2:3 to 3:2 retain the books of goodwill pass single adjustment entry.

    • Posted by Riya Jain 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Tanisha Garg 6 years, 10 months ago

    A= 2/5-3/5= 1/5 (gain) B= 3/5-2/5 =1/5 (sacrifice)

    0Thank You

    Prerna Goyal 6 years, 10 months ago

    90000-60000=30000 and divided into into gaining ratio which is 1/5 &1/5

    1Thank You

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