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Kalindi Chaudhary- 93.2%...

Kalindi Chaudhary- 93.2%

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Shakshi Chaudhary - 85.8% - UP Board Class 10 - 2023

Manish Chaudhary passed HSC examination in first class with 83% marks and B Com in second class with 57% marks. He has completed a computer certificate course very recently. His date of birth is 26.4.1982.

Ahuja and Barua are partners in a firm sharing profits and losses in the ratio of 3:2. They decide to admit Chaudhary into partnership for 1/5 share of profits, which he acquires equally from Ahuja and Barua. Goodwill is valued at Rs. 30,000. Chaudhary brings in Rs. 16,000 as his capital but is not in a position to bring any amount for goodwill. No goodwill account exists in books of the firm. Goodwill account is to be raised at full value. Record the necessary journal entries.

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