A,B & C are equal partners. They decided to take D who brought in Rs.36, 000...

 

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A,B & C are equal partners. They decided to take D who brought in Rs.36, 000 as goodwill. The new profit sharing ratio is 3:3:2:2. The journal entry for goodwill will be- A Capital A/c B Capital A/c C Capital A/c To D Capital A/c Cash A/c Dr. To A Capital A/c To B Capital A/c To C Capital A/c Cash A/c Dr. To A Capital A/c To B Capital A/c To C Capital A/c Goodwill A/c Dr. 36,000 To A Capital A/c To B Capital A/c To C Capital A/c Dr.6,000 Dr.6,000 Dr.24,000 36,000 36,000 6,000 6,000 24,000 36,000 24,000 6,000 6,000 12,000 12,000 12,000 A,B & C are equal partners. They decided to take D who brought in Rs.36, 000 as goodwill. The new profit sharing ratio is 3:3:2:2. The journal entry for goodwill will be- A Capital A/c B Capital A/c C Capital A/c To D Capital A/c Cash A/c Dr. To A Capital A/c To B Capital A/c To C Capital A/c Cash A/c Dr. To A Capital A/c To B Capital A/c To C Capital A/c Goodwill A/c Dr. 36,000 To A Capital A/c To B Capital A/c To C Capital A/c Dr.6,000 Dr.6,000 Dr.24,000 36,000 36,000 6,000 6,000 24,000 36,000 24,000 6,000 6,000 12,000 12,000 12,000

Answer rating: 100% (QA)

ABC are equal Partron The journal entry ... View the full answer