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Rohit, Kohli and Rahane are partners …

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Rohit, Kohli and Rahane are partners in the firm sharing profits in the ratio of 5:3:2. From 1 st April 2019, they decided to share the profits equally. For this purpose, the goodwill of the firm was valued at ₹ 240,000. Pass an adjustment journal entry.

Posted by Ansh Jasuja 6 years ago

CBSE > Class 12 > Accountancy

2 answers

Ansh Jasuja 6 years ago

Ratio 5:1:4 is there and goodwill will be multiplied by 5 by 10 .....is it right or not

Harsh Gupta 6 years ago

Kohli a/c ...Dr 8000 rahane a/c ...Dr 32000 To rohit a/c 40000

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