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A, B and C are partners sharing profits and losses in the ratio 3:2:1. They decide to change their profit sharing ratio to 2:2:1. To give effect to this new profit sharing ratio they decide to value the goodwill at Rs. 30,000. Pass the necessary journal entry if Goodwill not appearing in the old balance sheet and should not appear in the new balance sheet.a)B’s Capital Account Dr. 2,000C’s Capital Account Dr. 1,000To A’s Capital Account 3,000b)Goodwill Account Dr. 30,000To A’s Capital Account 15,000To B’s Capital Account 10,000To C’s capital Account 5,000c)A’s Capital Account Dr. 12,000B’s Capital Account Dr. 12,000C’s Capital Account Dr. 6,000To Goodwill Account 30,000d)A’s Capital Account Dr. 3,000To B’s Capital Account 2,000To C’s Capital Account 1,000Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A, B and C are partners sharing profits and losses in the ratio 3:2:1. They decide to change their profit sharing ratio to 2:2:1. To give effect to this new profit sharing ratio they decide to value the goodwill at Rs. 30,000. Pass the necessary journal entry if Goodwill not appearing in the old balance sheet and should not appear in the new balance sheet.a)B’s Capital Account Dr. 2,000C’s Capital Account Dr. 1,000To A’s Capital Account 3,000b)Goodwill Account Dr. 30,000To A’s Capital Account 15,000To B’s Capital Account 10,000To C’s capital Account 5,000c)A’s Capital Account Dr. 12,000B’s Capital Account Dr. 12,000C’s Capital Account Dr. 6,000To Goodwill Account 30,000d)A’s Capital Account Dr. 3,000To B’s Capital Account 2,000To C’s Capital Account 1,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B and C are partners sharing profits and losses in the ratio 3:2:1. They decide to change their profit sharing ratio to 2:2:1. To give effect to this new profit sharing ratio they decide to value the goodwill at Rs. 30,000. Pass the necessary journal entry if Goodwill not appearing in the old balance sheet and should not appear in the new balance sheet.a)B’s Capital Account Dr. 2,000C’s Capital Account Dr. 1,000To A’s Capital Account 3,000b)Goodwill Account Dr. 30,000To A’s Capital Account 15,000To B’s Capital Account 10,000To C’s capital Account 5,000c)A’s Capital Account Dr. 12,000B’s Capital Account Dr. 12,000C’s Capital Account Dr. 6,000To Goodwill Account 30,000d)A’s Capital Account Dr. 3,000To B’s Capital Account 2,000To C’s Capital Account 1,000Correct answer is option 'A'. Can you explain this answer?.

Solutions for A, B and C are partners sharing profits and losses in the ratio 3:2:1. They decide to change their profit sharing ratio to 2:2:1. To give effect to this new profit sharing ratio they decide to value the goodwill at Rs. 30,000. Pass the necessary journal entry if Goodwill not appearing in the old balance sheet and should not appear in the new balance sheet.a)B’s Capital Account Dr. 2,000C’s Capital Account Dr. 1,000To A’s Capital Account 3,000b)Goodwill Account Dr. 30,000To A’s Capital Account 15,000To B’s Capital Account 10,000To C’s capital Account 5,000c)A’s Capital Account Dr. 12,000B’s Capital Account Dr. 12,000C’s Capital Account Dr. 6,000To Goodwill Account 30,000d)A’s Capital Account Dr. 3,000To B’s Capital Account 2,000To C’s Capital Account 1,000Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of A, B and C are partners sharing profits and losses in the ratio 3:2:1. They decide to change their profit sharing ratio to 2:2:1. To give effect to this new profit sharing ratio they decide to value the goodwill at Rs. 30,000. Pass the necessary journal entry if Goodwill not appearing in the old balance sheet and should not appear in the new balance sheet.a)B’s Capital Account Dr. 2,000C’s Capital Account Dr. 1,000To A’s Capital Account 3,000b)Goodwill Account Dr. 30,000To A’s Capital Account 15,000To B’s Capital Account 10,000To C’s capital Account 5,000c)A’s Capital Account Dr. 12,000B’s Capital Account Dr. 12,000C’s Capital Account Dr. 6,000To Goodwill Account 30,000d)A’s Capital Account Dr. 3,000To B’s Capital Account 2,000To C’s Capital Account 1,000Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A, B and C are partners sharing profits and losses in the ratio 3:2:1. They decide to change their profit sharing ratio to 2:2:1. To give effect to this new profit sharing ratio they decide to value the goodwill at Rs. 30,000. Pass the necessary journal entry if Goodwill not appearing in the old balance sheet and should not appear in the new balance sheet.a)B’s Capital Account Dr. 2,000C’s Capital Account Dr. 1,000To A’s Capital Account 3,000b)Goodwill Account Dr. 30,000To A’s Capital Account 15,000To B’s Capital Account 10,000To C’s capital Account 5,000c)A’s Capital Account Dr. 12,000B’s Capital Account Dr. 12,000C’s Capital Account Dr. 6,000To Goodwill Account 30,000d)A’s Capital Account Dr. 3,000To B’s Capital Account 2,000To C’s Capital Account 1,000Correct answer is option 'A'. Can you explain this answer?, a detailed solution for A, B and C are partners sharing profits and losses in the ratio 3:2:1. They decide to change their profit sharing ratio to 2:2:1. To give effect to this new profit sharing ratio they decide to value the goodwill at Rs. 30,000. Pass the necessary journal entry if Goodwill not appearing in the old balance sheet and should not appear in the new balance sheet.a)B’s Capital Account Dr. 2,000C’s Capital Account Dr. 1,000To A’s Capital Account 3,000b)Goodwill Account Dr. 30,000To A’s Capital Account 15,000To B’s Capital Account 10,000To C’s capital Account 5,000c)A’s Capital Account Dr. 12,000B’s Capital Account Dr. 12,000C’s Capital Account Dr. 6,000To Goodwill Account 30,000d)A’s Capital Account Dr. 3,000To B’s Capital Account 2,000To C’s Capital Account 1,000Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of A, B and C are partners sharing profits and losses in the ratio 3:2:1. They decide to change their profit sharing ratio to 2:2:1. To give effect to this new profit sharing ratio they decide to value the goodwill at Rs. 30,000. Pass the necessary journal entry if Goodwill not appearing in the old balance sheet and should not appear in the new balance sheet.a)B’s Capital Account Dr. 2,000C’s Capital Account Dr. 1,000To A’s Capital Account 3,000b)Goodwill Account Dr. 30,000To A’s Capital Account 15,000To B’s Capital Account 10,000To C’s capital Account 5,000c)A’s Capital Account Dr. 12,000B’s Capital Account Dr. 12,000C’s Capital Account Dr. 6,000To Goodwill Account 30,000d)A’s Capital Account Dr. 3,000To B’s Capital Account 2,000To C’s Capital Account 1,000Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A, B and C are partners sharing profits and losses in the ratio 3:2:1. They decide to change their profit sharing ratio to 2:2:1. To give effect to this new profit sharing ratio they decide to value the goodwill at Rs. 30,000. Pass the necessary journal entry if Goodwill not appearing in the old balance sheet and should not appear in the new balance sheet.a)B’s Capital Account Dr. 2,000C’s Capital Account Dr. 1,000To A’s Capital Account 3,000b)Goodwill Account Dr. 30,000To A’s Capital Account 15,000To B’s Capital Account 10,000To C’s capital Account 5,000c)A’s Capital Account Dr. 12,000B’s Capital Account Dr. 12,000C’s Capital Account Dr. 6,000To Goodwill Account 30,000d)A’s Capital Account Dr. 3,000To B’s Capital Account 2,000To C’s Capital Account 1,000Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.