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A” – and C were partners in firm sharing profits in [email protected]@1 ratio
A” – and C were partners in firm sharing profits in [email protected]@1 ratio. the firm closes its books on +1 st March every year. – died on 126!%62!!#. &n -‘s death the goodwill of the firm was valued at $s.%!!!!. &n -‘s death his share in the profit of the firm till the time of his death was to be calculated on the basis of previous years which was $s.1!!!!. Calculate -‘s share in the profit of the firmhelp. 9ass necessary 4ournal entries for the treatment of goodwill and -‘s share of profit at the time of his death
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