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APrepare Capital Alc with the help of followinggiven information.PO...A and B are partner Share poofitand losses in the ratio of 1:2 A Boing RS1,00,000 andB Brings RS 2,00,000 as capitalwith draw ł 500 1 and B withdraw 1000For therease Firm decided lo chorejeintrest on capital osa 39. p.ce and drawing2% P.aisallowed a salary of a5000 and Bis allowed commission 52000O firm earned profit amount ?30,000.Personal |
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Answer» Answer: Value of goodwill in the books after the admission of C = RS 70000. Because the goodwill has been REVALUED before the admission of C |
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