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| 1. |
A and B are partners sharing profits equally with capitals of Rs.45,000 each. They admited C as a new Partner for one third share in the profit. C brings in Rs.60,000 as his capital. Calculate the value of firm's goodwill and pass necessary journal entries on admission of new partner (Hint: Case of hidden goodwill) |
| Answer» TION:CO do co FIRM do do for do GO go do do | |