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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
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Answer Posted / 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
| Is This Answer Correct ? | 5 Yes | 0 No |
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What is Summarising
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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