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Show three partners capital balances

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Reference no: EM132604097

A and B have been trading as partners and sharing profits and losses equally through the period .They decide to change profit sharing ratio to 3:2.

The capital balances are

A- sh. 1000000

B- sh. 1500000

Goodwill has been agreed at sh. 500,000

Required:

Question 1: Show three partners capital balances assuming that

a) Goodwill is to be retained in the account

b) Goodwill is to be written off fr.the ac

Reference no: EM132604097

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