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A, B and C where partner …

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A, B and C where partner in a firm sharing profit and losses in the ratio of 3 : 2 : 1 they admit D into partnership with 1/4th share which he acquire from A and B in the ratio of 2:1 on D's admission the Goodwill of the firm is valued at ₹6,00, 000 however ,D is unable to bring his share of goodwill in cash.Pass necessary journal entry and also calculate new profit sharing ratio

Posted by Rina Gorai 1 year, 6 months ago

CBSE > Class 12 > Accountancy

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