Mathematics, 13.10.2020 02:01 amortalstardev
Dim and bright are partners sharing profits in the ratio of 2:3. On 1 April 2019, they admit Abel as
partner for 1/4" share in profits. Abel brought Rs 100000 as his capital and Rs 36000as premium for
goodwill for his 1/4" share in the profits. New profit sharing ratio of dim, bright and Abel is agreed to
be 3:3:2. Dim and bright withdraw the premium for goodwill. Pass necessary journal entries?
Answers: 1
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Dim and bright are partners sharing profits in the ratio of 2:3. On 1 April 2019, they admit Abel as...
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