LIVE Course for free

Rated by 1 million+ students
Get app now
JEE MAIN 2023
JEE MAIN 2023 TEST SERIES
NEET 2023 TEST SERIES
NEET 2023
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
131 views
in Accounts by (20 points)
X, Y and  Z  were partners sharing profits in the ratio of  ( 6: 4: 2 ). The firm closes its books on 31 March every year.  Y died on 30th June, 2020. Goodwill of the firm was valued at Rs 6,00,000. Y's share in profit and loss till the date of death was to be calculated on the basis of previous year's profit which was Rs 30,00,000 (Loss) Pass necessary journal entries for his share of goodwill and his share of loss.

Please log in or register to answer this question.

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...