The partners have always shared their profits in the ratios of Dinho 4: Manueli 3: Joana 1.
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The partners have always shared their profits in the ratios of Dinho 4: Manueli 3: Joana 1.
They are to alter their profit ratios to Dinho 3: Manueli 5: Joana 2. The last balance sheet before the change was:
The partners agree to bring in goodwill, being valued at £12,000 on the change.
Show the balance sheets on 1 January 20X8 after goodwill has been taken into account if:
(a) Goodwill account was opened.
(6) Goodwill account was not opened.
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