The Total solution for NCERT class 6-12
Amar
:
Samar
Old Ratio
3
1
Journal Entries
Date
Particulars
L.F.
Debit Amount ₹
Credit Amount ₹
Kanwar’s Capital A/c
Dr.
20,000
To Amar’s Capital A/c
15,000
To Samar’s Capital A/c
5,000
(Kanwar’s share of goodwill charged from his capital account by
Amar and Kanwar in sacrificing ratio)