A & B are sharing profits & losses in the ratio of 3:2. C is coming...
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A & B are sharing profits & losses in the ratio of 3:2. C is coming as a new partner who pays Rs 25,000 as premium for goodwill. The profit sharing ratio among A, B & C is equal. If premium money is retained in business which of the following journal entry is correct for sharing premium for goodwill? B U A Capital A/c Dr. 20,000 B Capital A/c Dr. 5,000 To Premium for Goodwill A/c Premium for Goodwill A/c To A Capital A/c To B Capital A/c Premium for Goodwill A/c To A Capital A/c To B Capital A/c Premium for Goodwill A/c To A Capital A/c To B Capital A/c 25,000 Dr. 25,000 Dr. 25,000 Dr. 25,000 5,000 20,000 20,000 5,000 15,000 10,000 A & B are sharing profits & losses in the ratio of 3:2. C is coming as a new partner who pays Rs 25,000 as premium for goodwill. The profit sharing ratio among A, B & C is equal. If premium money is retained in business which of the following journal entry is correct for sharing premium for goodwill? B U A Capital A/c Dr. 20,000 B Capital A/c Dr. 5,000 To Premium for Goodwill A/c Premium for Goodwill A/c To A Capital A/c To B Capital A/c Premium for Goodwill A/c To A Capital A/c To B Capital A/c Premium for Goodwill A/c To A Capital A/c To B Capital A/c 25,000 Dr. 25,000 Dr. 25,000 Dr. 25,000 5,000 20,000 20,000 5,000 15,000 10,000
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Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
Posted Date:
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