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E and F are partners sharing …

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E and F are partners sharing profit and losses in the ratio of 4 is to 1 respectively ji is admitted as a partner for which he plays rupees 10000 as Premium for goodwill and in future e f and G decide to see a profit and loss in the ratio of 2 is to 1 is to 1 respectively pass necessary general entries
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Vani A 5 years, 6 months ago

Bank a/c dr. 10000 To premium for goodwill a/c 10000 Premium for goodwill a/c dr. 3000 To E's capital a/c 3000
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