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Jayant, Rajesh and Manish were partners …

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Jayant, Rajesh and Manish were partners sharing profit and loss in the ratio 5:3:2. With effect from 1 April 2022 they decided to share profit and loss in the ratio 1:2:1. Goodwill of the form was valued at rupees 2,00,000. For the adjustment in entry Rajesh will be _____ (debit/Credit) by rs ______.

Posted by Ishika Bhatia 1 year, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Ria Ajil 1 year, 11 months ago

Debit 40,000

Ria Ajil 1 year, 11 months ago

200000*8/40=40, 000 Debit by 40,000

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