Question 19 Chapter 6 of Class 12 Part – 1 Usha Publication

Question 19 Chapter 6 of Class 12 Part – 1 Usha Publication

19. (Goodwill Appear in the Books) A, B, and C are partners in a firm. C retires from the firm. On C's retirement, the goodwill has been valued at Rs. 64,000. There is a goodwill account in the books of the firm with a balance of Rs.46,000. What will be a journal entry to record the goodwill?

The solution of Question 19 Chapter 6 of Class 12 Part – 1 Usha Publication: -

We are providing a solution of Question 19 Chapter 6 of Class 12 Part – 1 Usha Publication in two formats. one is in Video format and another is in article format. Check out both formats as follows:

1. Check out the Solution of this question in Video Format:-

The video consists solution of questions number 18 to 23 Chapter no. 6 class 12 of Usha publication. To check the direct solution of question no. 19 from the flowing video by using time stamps of the video.

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2. Check out the Solution of this question in Article Format:-

Journal

Date	Particulars		L.F.	Debit	Credit
a)	A’s capital A/c	Dr.		15,333
	B’s capital A/c	Dr.		15,333
	C’s capital A/c	Dr.		15,334
	To Goodwill A/c				46,000
	(Being goodwill Written off)
b)	A’s capital A/c	Dr.		10,667
	B’s capital A/c	Dr.		10,667
	To C’s capital A/c				21,333
	(Being goodwill adjusted)