Business, 09.06.2021 14:10, aaronnnn6998

ILLUSTRATION 2 (Goodwill Exists) P, Q and R are partners, sharing profits equally. They decide that in future R will get 1/5th share in the profits and P & Q will share
equally. On the day of change, firm's goodwill is valued at 3,00,000. Give necessary' journal
entry.

Answers: 1

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ILLUSTRATION 2 (Goodwill Exists) P, Q and R are partners, sharing profits equally. They decide that...