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1. Navya and Radhey were partners …

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1. Navya and Radhey were partners sharing profits and losses in the ratio of 3: 1. Shreya was admitted for 1/5th share in the profits. Shreya was unable to bring her share of goodwill premium in cash. The journal entry recorded for goodwill premium is given below: Date Particular LF Debit (₹) Credit (₹) Shreya’s Current A/c. Dr. To Navya’s Capital A/c. To Radhey’s Capital A/c (Being entry for goodwill treatment passed) 24,000 8,000 16,00

Posted by Ratan Sethia 1 year, 11 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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