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X, Y, Z were partners sharing profits in ratio 5:3:2. Goodwill does not appear in books, but it is agreed to be worth Rs
X, Y, Z were partners sharing profits in ratio 5:3:2. Goodwill does not appear in books, but it is agreed to be worth Rs 1,00,000 X retires from the firm and Y and Z decide to share future profits equally. X's share of goodwill will be debited to Y's and Zs capital A/c in a ratio: A B 1 1 2 D 12 2:3 C 3:2 None
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
1118334329, 978-1118334324
