jamuna , ganga and krishna are partners in a firm . krishna retired from the firm . after making all the adjustments for reserves and revaluation of assets and liabilities the balace in krishna's capital account was 120,000 . jamuna and ganga paid 180,000 in full settlement to krishna . identify the item for jamuna and ganga paid 60000 more to krishna .
Dear student,
Extra amount paid (Rs 60,000) to Krishna will be his share of amount of Goodwill.
Regards
Extra amount paid (Rs 60,000) to Krishna will be his share of amount of Goodwill.
Regards