Question - 25

Sulabh and saurabh are partners who share the profits and losses in hte ratio of 3:2 they admitted subhash by giving 1/6 share in future profits he brought Rs. 5,400 as the amount of goodwill show journal entries in the following cases regarding goodwill.
  1. If subhash is taking 2/3 from sulabh and 1/3 saurabh as profit.
  2. If subhash is taking his share in the ratio of 5:4.

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