Question - 30

Suresh and Naresh are partners sharing profits in the ratio of 3:2 they admit Mahesh into partnersip for 1/6th share in the profit who bring Rs. 18,000 in cash for goodwill.
pass the journal entiries for recording goodwill in the following cases assuming that the partner's withdraw the goodwill from the business :
  1. If Mahesh gets his share from suresh.
  2. If Mahesh gets his share eqally from old partners.
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