1.

Hanny, Pammy and Sunny are partners sharing profits in the ratio of 3 : 2 : 1. Goodwill is appearing in the books at a value of ₹ 60,000. Pammy retires and at the time of Pammy’s retirement, goodwill is valued at ₹ 84,000. Hanny and Sunny decided to share future profits in the ratio of 2 : 1. Record the necessary journal entries.

Answer»

qd8dqdacavthe ratio of 3 : 2 : 1. Goodwill is APPEARING in the books at a value of ₹ 60,000. Pammy retires and at the time of Pammy’s retirement, goodwill is VALUED at ₹ 84,000. HANNY and SUNNY decided to share futurel acgs



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