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rajeev and sanjeev are partners sharing …

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rajeev and sanjeev are partners sharing profit in the ratio 3:2. they admit renu into partnership, renu is paying only Rs.30,000 for premium out of her share ofRs. 50,000 for 1/4 share. goodwill a/c appears in book at Rs. 60,000 pass the necesarry entry for the treatment of goodwill.

Posted by Pretty Girl 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Hitesh Kumar 6 years, 10 months ago

Bank A/C Dr 30000 To premium for goodwillA/C 30000 Premium for goodwill A/C Dr 30000 Renu's current A/C Dr 20000 To rajeev&sanjeev's cap A/C 50000

Hitesh Kumar 6 years, 10 months ago

Rajeev& sanjeevA/C Dr(old ratio) Rs 60000 To goodwillA/C Rs 60000

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