A, B, C, and D were partners sharing profits in the ratio of 5:3:2:2 B died on 1st March, - Accountancy - Reconstitution- Retirement/Death of a Partner

Question

A, B, C, and D were partners sharing profits in the ratio of
5:3:2:2 B died on 1st March, 2018 Goodwill of the firm was valued
at Rs 6,00,000 A, C and D decided to share future profits equally
Give necessary journal entry

Mohit · Accepted Answer

Dear Student,
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A, B, C, and D were partners sharing profits in the ratio of 5:3:2:2. B died on 1st March, 2018. Goodwill of the firm was valued at Rs. 6,00,000. A, C and D decided to share future profits equally. Give necessary journal entry.