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प्रश्न
Neetu, Meetu, and Teetu were partners in a firm. On 1st January 2018, Meetu retired. On Meetu's retirement, the goodwill of the firm was valued at Rs 4,20,000.
Pass necessary journal entry for the treatment of goodwill on Meetu's retirement.
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उत्तर
Meetu’s Share in Profits: 1/3 (as the profit sharing ratio is not given, it is assumed to be equal).
Goodwill of the firm = Rs 4,20,000
Meetu's share of Goodwill = `420000 xx 1/3 = Rs 140000`
| Journal | ||||
| Date | Particulars | L.F. |
Dr. Rs |
Cr. Rs |
| 2018 Jan 1 |
Neetu's Capital A/c Dr. Teetu's Capital A/c Dr. To Meetu's Capital A/c (Being goodwill adjusted in 1:1) |
70,000 70,000
|
1,40,000
|
|
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