partnership

in my openion entry is

A Dr 

B Dr

C Dr.      30000

 to g/w                50000

( A & B ki ratio ke acc)

g/w write off

plz consult other also

& if i wrong notify me

all partners A/c  Dr. 20000

To G/W 20000

(in PSR)

why only 20000 w/o

not the whole 50000

C KO TO 30000 HI MILEGA & BALANCE REMAINING PARTNER'S KE THROUGH W/O HOGA

Originally posted by : Osheen Bhattacharya
	another adjustment- goodwill raised in books at 50000, it is agreed among partners A B & C that C is interested in gw only upto a value of 30000. ???

two things...

first thing is that there arises no accounting entry if partners decide on the share of the goodwill. 

second thing

only when u think of writting off goodwill which is obvious  , then right off C with 30,000 and the rest in the gaining/sacrificing ratio.