Question No 27 of TS Grewal (CBSE)
A and B are partners in a firm sharing profits and losses in the ratio of 3:2. They admit C into partnership for 1/5th share. C brings Rs. 30,000 as capital and Rs. 10,000 as goodwill. At the time of admission of C, goodwill appeared in the Balance Sheet of A and B at Rs. 3,000. New Profit-sharing ratio of the partners will be 5:3:2. Pass necessary Journal entries.
Solution No 27 of TS Grewal (CBSE)