Aman, Bimal and Deepak are partners sharing profits in the ratio of 2: 3: 5. The goodwill of the firm has been valued at Rs. 37,500. Aman retired. Bimal and Deepak decided to share profits equally in the future. Calculate gain/ sacrifice of Bimal and Deepak on Aman's retirement and also pass necessary Journal entry for the treatment of goodwill.

Aman, Bimal and Deepak are partners sharing profits in the ratio of 2: 3: 5. The goodwill of the firm has been valued at Rs. 37,500. Aman retired. Bimal and Deepak decided to share profits equally in the future. Calculate gain/ sacrifice of Bimal and Deepak on Aman’s retirement and also pass necessary Journal entry for the treatment of goodwill.

Post category:Accountancy
Reading time:1 mins read

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