Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount (₹) |
Credit Amount (₹) |
|
2019 |
|
|
|
|
|
April 1 |
Abbas’s Capital A/c |
Dr. |
|
60,000 |
|
|
To Mandeep’s Capital A/c |
|
|
|
60,000 |
|
(Adjustment entry made for change in ratio) |
|
|
|
|
Working Notes:
WN1: Calculation of Sacrifice or Gain
WN2: Valuation of Goodwill
WN3: Adjustment of Goodwill