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Asha Nishan dishaed profit and loss …

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Asha Nishan dishaed profit and loss in the ratio of 3:2 is 21 with affect from 1st April 2024 the agreed to share profit equally the Goodwill of the form was valued 18000 fastest record about change

Posted by Thamarai Selvan 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Saksham Baranwal 4 months ago

~Sacrificing ratio : (old - new) Asha= 3/5 - 2/3= 1/15(sacrifice) Nishan = 2/5 - 1/3=1/15(gain) Sacrifice ratio: 1:1 ~Distribution of goodwill: Asha=18000×1/2 =9000 Nishan=18000×1/2=9000 ~Journal entry of goodwill: Asha's capital A/c Dr. 9000 Nishan's capital A/c dr.9000 To goodwill A/c 18000

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