Arun, Varun and Tarun are partners sharing profits and losses in the ratio of 3 : 2 : 1. They decide to share profit and losses equally with effect from 1st April 2023. Goodwill of the firm is valued at ₹ 1,20,000. Pass Journal entries when goodwill is raised and written off.
Arun, Varun and Tarun are partners sharing profits and losses in the ratio of 3 : 2 : 1.
They decide to share profit and losses equally with effect from 1st April 2023.
Goodwill of the firm is valued at ₹ 1,20,000.
Pass Journal entries when goodwill is raised and written off.
Anurag Pathak Changed status to publish April 26, 2023