Question - 31

Amar and Samar are partner's in a firm sharing profits and losses in 3:1 ratio they admitted kunwar for 1/4 sharing of profits kunwar could not bring his share of goodwill premium in cash the goodwill of the firm was value at Rs. 80,000 on kunwar's admission Record necessary journal entry for goodwill on kunwar's admission.

NOTE : Please purchase the book for looking question.