A” – and C were partners in a firm sharing profits in [email protected]@1 ratio. the firm closes its boo,s on +1 st Barch every year. – died in 126!%62!!#. &n -‘s death the goodwill of the firm was valued at $s.%!!!!. &n -‘s death his share in the profit of the firm till the time of his death was to be calculated on the basis of previous years which was $s.1!!!!. Calculate -‘s share in the profit of the firm. 9ass necessary 4ournal entries for the treatment of goodwill and -‘s share of profit at the time of his death
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