1.

Jai and Raj are partners sharing profits in the ratio of 3 : 2 . With effect from 1st April, 2018, they decided to share profits equally. Goodwill appeared in the books at ₹ 25,000 . As on 1st April, 2018, it was valued at ₹ 1,00,000 . They decided to carry goodwill in the books of the firm. Pass the journal entry giving effect to the above.

Answer»

TE YOUR ANSWER ISinterest is 15%. The NET PROFITS for the LAST 3 years were ₹ 30,000; ₹ 36,000 and ₹ 42,000. Goodwill is to be valued at 2 years purchase of the last 3 years super profits. CALCULATE the goodwill of the firm.HOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️FOLLOW ME



Discussion

No Comment Found

Related InterviewSolutions