Question
P,Q and R are partners sharing equally. 1:1:1. They decided that in future R will get 1/5 share in profits. On the day of change,
P,Q and R are partners sharing equally. 1:1:1. They decided that in future R will get 1/5 share in profits. On the day of change, the firm goodwill is valued at 3,00,000. Pass Journal and tell me the calculation.
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Managerial Accounting
Authors: Unknown Author
1st Edition
007723023X, 978-0077230234
