Ans please

Q. X, Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2. They decided to share future profits and losses equally with effect from 1st April, 2013. On that date, the goodwill appeared in the books at 12,000. But it was revalued at Rs 30,000. Pass the Journal entries assuming that no goodwill appear in the books of accounts.

Dear Student
The solution to this question has been given in Textbook Solutions. Kindly refer to the following link for the same: https://www.meritnation.com/cbse/class12-commerce/textbook-solutions/accountancy/double-entry-book-keeping--ts-grewal-vol.-i-(2017)/change%20in%20profit%20sharing%20ratio%20among%20the%20existing%20partners/page3.33-Exercise-qno9/3038_22719_131684
Hope this information clarifies your doubts. Keep posting :-)
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