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Описание к видео Hemant & Nishant were partners in a firm sharing profits in the ratio of 3:2. Their capitals were...

Chapter 03 II Admission of a Partner II Accountancy II Class 12th II Practical Question 66(a) II

Q. 66 (A). Hemant and Nishant were partners in a firm sharing profits in the ratio of 3 :2. Their capitals were ₹1,50,000 and ₹1,30,000 respectively. They admitted Somesh on st April, 2024 as a new partner for 1/5 share in the future profits. Loss on Revaluation mounted to ₹20,000. Somesh brought ₹1,20,000 as his capital. Calculate the value goodwill of the firm and record necessary journal entries for the above transactions somesh's admission.

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