Vantuira, Aparecida and Fraga are in partnership. They have always shared their profits in the ratios of

Question:

Vantuira, Aparecida and Fraga are in partnership. They have always shared their profits in the ratios of Vantuira 3: Aparecida 2: Fraga 5. They are to alter their profit ratios to Vantuira 4: Aparecida 1: Fraga 3. The last balance sheet before the change was:

image text in transcribed

The partners agree to bring in goodwill, being valued at \(£ 24,000\) on the change.
Show the balance sheet on 1 April 2024 after goodwill has been taken into account if:

(a) Goodwill account was opened.

(b) Goodwill account was not opened.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: