question_answer

What will be correct journal entry for distribution of Premium for Goodwill brought in by Ejaz?

A)

(a)	Ejaz Capital A/c ……… Dr.	30,00,000
	To Sania’s Capital A/c		30,00,000
	(Being ……………….)

 

B)

(b)	Premium for Goodwill A/c ……… Dr.	30,00,000
	To Sania’s Capital A/c		30,00,000
	(Being ……………….)

 

C)

(c)	Premium for Goodwill A/c ……… Dr.	30,00,000
	To Reyan’s Capital A/c		8,33,333
	To William’s Capital A/c		8,33,333
	To Ejaz’s Capital A/c		13,33,333
	(Being ……………….)

 

D)

(d)	Premium for Goodwill A/c ……… Dr.	30,00,000
	To Reyan’s Capital A/c		10,00,000
	To William’s Capital A/c		10,00,000
	To Ejaz’s Capital A/c		10,00,000
	(Being ……………….)