On firm’s dissolution, which account should he prepared at the last? Post category:Accountancy Reading time:1 mins read SOLUTION Cash / Bank Account. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostHow will the Realisation Account closed, if it discloses a loss? Next PostOn firm’s dissolution, what entry will be made on realisation of goodwill which was shown in Balance Sheet? You Might Also Like A, B, C and D are partners in a firm sharing profits, in the ratio of 2: 1: 2: 1. On the retirement of C, Goodwill was valued Rs. 1,80,000. A, B and D decide to share future profits equally. Pass the necessary Journal entry for the treatment of goodwill. August 3, 2022 A and B are partners sharing profits in the ratio of 2 : 1. They admit C for 1/4th share in profits. C brings in Rs. 30,000 for his capital and Rs. 8,000 out of his share of Rs. 10,000 for goodwill. Before admission, goodwill appeared in books at Rs. 18,000. Give Journal entries to give effect to the above arrangement. August 1, 2022 Yogesh and Naresh are partners sharing profits in the ratio of 3 : 2. They admit Ramesh for 1/3rd share on 1st April, 2019 and also decide to share future profits equally. Balance Sheet of the firm as at 31st March, 2019 was as follows: August 2, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A, B, C and D are partners in a firm sharing profits, in the ratio of 2: 1: 2: 1. On the retirement of C, Goodwill was valued Rs. 1,80,000. A, B and D decide to share future profits equally. Pass the necessary Journal entry for the treatment of goodwill. August 3, 2022
A and B are partners sharing profits in the ratio of 2 : 1. They admit C for 1/4th share in profits. C brings in Rs. 30,000 for his capital and Rs. 8,000 out of his share of Rs. 10,000 for goodwill. Before admission, goodwill appeared in books at Rs. 18,000. Give Journal entries to give effect to the above arrangement. August 1, 2022
Yogesh and Naresh are partners sharing profits in the ratio of 3 : 2. They admit Ramesh for 1/3rd share on 1st April, 2019 and also decide to share future profits equally. Balance Sheet of the firm as at 31st March, 2019 was as follows: August 2, 2022
