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Sadhu, Mahatma and Fakir are equal partners. Fakir wanted to retire for which value of goodwill is considered as Rs. 6,00,000. The necessary journal
Sadhu, Mahatma and Fakir are equal partners. Fakir wanted to retire for which value of goodwill is considered as Rs. 6,00,000. The necessary journal entry will be: A Sadhu's capital A/c Dr. Rs. 1,00,000, Mahatma's capital A/c Dr. Rs. 1,00,000, To Fakir's capital A/c Rs. 2,00,000 B C D Fakir's capital A/c Dr. 2,00,000, To Sadhu's capital A/c Rs. 1,00,000, To Mahatma's capital A/c Rs. 1,00,000 Sadhu's capital A/c Dr. Rs. 3,00,000, Mahatma's capital A/c Dr. Rs. 3,00,000, To Fakir's capital A/c Rs. 6,00,000 None of the above
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A D Profit sharing ratio of Sadhu Mahatma and Fakir is in proport...Get Instant Access to Expert-Tailored Solutions
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