Create Good Will of Rs 125000 and apportioned between the existing partners A,

Create Good Will of Rs 125000 and apportioned between the
existing partners A,B and C as per their sharing ratios
25%,35% and the remaing %. Pass journal entry

Question Posted / satyaki_raju@yahoo.com

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Create Good Will of Rs 125000 and apportioned between the existing partners A,B and C as per their..

Answer / syed

Goodwill a/c 125000
to A's a/c 31250
to B's a/c 43750
to C's a/c 50000

Goodwill will be share by all partners in the ratio 25:35:40

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