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Ramesh,mahesh and suresh were partners in …

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Ramesh,mahesh and suresh were partners in a firm sharing profits in the ratio of 3:3:2 . Their respective fixed capital were :ramesh 500000,mahesh 400000,and Suresh 300000.they admitted govinda as new partner for 1/5th share in the profit .govinda brought rs 400000as his capital and the necessary amount for goodwill premium .Their new profit sharing ratio will be 2:1:1:1 Calculate the value of goodwill of the firm .pass necessary entries for the above transaction on govid admission.

Posted by Menaka Kumarasamy 6 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Sara Hashmi 6 years, 3 months ago

It was a dam easy question

Sara Hashmi 6 years, 3 months ago

Me too same q.uestion!!! Finf new capital md then substract by old....nd then find rxcess or deficit

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