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Asin and shreya are partners in …

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Asin and shreya are partners in a firm. They admitted ajay as a new partner with one fifth share in the profit of the firm. Ajay brings rupee 500000 as his share of capital.The value of the total assets of the firm was rupee 1500000 and outside liability were valued at rupee 500000 on that date. Give the necessary journal entry to record goodwill at the time of Ajay admission

Posted by Sonam Sharma 5 years, 5 months ago

CBSE > Class 12 > Accountancy

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