Anita and babita were partners sharing …
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Anita and babita were partners sharing p&l in the ratio of 3:1. They admitted savita for 1/5 share in the profits . Savita was unable to bring her share of goodwill premium in cash . The journal entry recorded for goodwill as follows . SAVITA CURRENT A/C DR. 24000 TO ANITA CAPITAL A/C 8000 TO BABITA CAPITAL A/C 16000 the new PSR of ANITA babita and savita will be A) 41:7:12 b) 13:12:10 c) 3:1:1 D)5:3:2
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