Ash, Nisha, and Disha shared profits and losses in the ratio of 3 : 2 : 1 respectively.

With effect from 1st April 2023, they agreed to share profits equally.

The goodwill of the firm was valued at ₹ 18,000.

Pass necessary Journal entries to record the above change.

[Ans.: Dr. Disha’s Capital A/c and Cr. Asha’s Capital A/c by ₹ 3,000]

Anurag Pathak Changed status to publish April 26, 2023
Add a Comment