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l isha, Tushar, Bhavishya and Laxya …

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l isha, Tushar, Bhavishya and Laxya were partners in a firm sharing profits in 3 : 3 : 3 : l/ratio. On 31st March, 2017 Laxya retired. Nisha, Tushar and Bhavishya decided to share future profits in the ratio of 5 '. 1 '. 1. On Laxya’s retirement the goodwill of the firm was valued at ? 6,30,000. Showing your working notes clearly pass necessary Journal Entry ‘ior the tretme of goodwill in the books of the firm on Laxya’s retirement.

Posted by Sourav Kumar 8 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Rihaan Vashistha 8 years, 4 months ago

Firstly goodwill of laxya will be calculated then it will be divided in gaining ratio

Prateek Tongar 8 years, 4 months ago

Goodwill are distributed in all old partners in their old ratio

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CBSE > Class 12 > Accountancy

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