Business, 21.05.2021 18:20 shongmadi77

Is not able to bring his Share of Premium for Goodwill On the admission of Rao, goodwill of Murty and Shah is valued at 30,000. Rao is to get 1/4th share of
profits. Previously Murty and Shah shared profits in the ratio of 3 : 2.Rao is unable to bring amount of
goodwill. Give Journal entries in the books of Murty and Shah when: (a) Goodwill does not exist in the
books; and (b) Goodwill exists in the books at

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Is not able to bring his Share of Premium for Goodwill On the admission of Rao, goodwill of Murty a...

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