1.

A, B and C shared profits and losses in the ratio of 3 : 2 : 1 respectively. With effect from 1st April, 2018, they agreed to share profits equally. The goodwill of the firm was valued at ₹ 18,000. Pass necessary Journal entries when: (a) Goodwill Account is not opened; and (b) Goodwill Account is opened.

Answer»

hey AGREED to SHARE profits equally. The GOODWILL of the firm was valued at ₹ 18,000. Pass necessary Journal ENTRIES when:(a) Goodwill Account is not opened; and(b) Goodwill Account is openedHOPE THIS HELPS ❤️PLEASEMARK AS BRAINLIEST ❤️❤️❤️FOLLOW ME



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