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A and B are partners sharing …

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A and B are partners sharing profit in ratio 2:1 , c is admitted for 1/5 th share of profit He paid 20,000 as capital and 8000 , out of his share of goodwill 15000 . New profit sharing ratio is 5:3:2. Give journal entries

Posted by Raj Singh 6 years, 6 months ago

CBSE > Class 12 > Accountancy

2 answers

Sakshi Sharma??️??️ 6 years, 6 months ago

* BANK A/c. Dr 28,000 TO C's CAPITAL A/c 20,000 TO PREMIUM FOR GOODWILL A/c 8,000 ** C's CURRENT A/c. Dr 7,000 PREMIUM FOR GOODWILL A/c Dr 8,000 TO A's CAPITAL A/c 12,500 TO B's CAPITAL A/c 2,500

Sana Qaiyum 6 years, 6 months ago

cash ac dr. 28000 cr. c's capital ac 20000 nd premium of goodwill ac 8000. dr. premium of goodwill ac 8000 cr. A's capital 6667 nd B's capital 1333. dr C's current ac 7000 cr. A's capital 5834 B's capital 1166

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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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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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