Business, 10.06.2021 14:00 katlyn10289

5A. (Change in profit sharing ratio/Goodwill raised and written oft) Aman and Bopan shared profits and losses in the ratio of 4:5. With effect from 1st April, 2020, they decide to share profits
in ratio equally. Goodwill of the firm yas valued at 23,60,000.
Pass necessary Journal entries for the accounting of goodwill:
(a) When Goodwill is adjusted through Partners' Capital Accounts:
(b) When Goodwill is raised and written off.

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5A. (Change in profit sharing ratio/Goodwill raised and written oft) Aman and Bopan shared profits...

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