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Goodwill doesn't exists) X, Y and Z are partners sharing profits in 5: 3:2 ratio. From 1st January 2016 they decide to share profits and losses in 2:5: 3 ratio. The goodwill isvalued at < 54,000 at the time of change. Give the necessary single adjusting entry to recordJAns. Debit Y by < 10,800 and Z by 5,400 and Credit X by 16,200) |
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Answer» jaidhsishdbskkkajbjskjzhbssd |
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