Goodwill of the firm is valued at Rs.27,000, but it was not to remain in the books of the new firm
old partners capital a/c ( in profit sharing ratio) dr Rs 27000
to goodwill a/c Rs27000
Goodwill of the firm is valued at Rs.27,000, but it was not to remain in the books of the new firm
old partners capital a/c ( in profit sharing ratio) dr Rs 27000
to goodwill a/c Rs27000