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    				| 1. | (Ans. Goodwill A and B carrying on business as partners used to share profits and losses thus, A 4/7th and B3/7th and goodwill appeared in the books of the firm at 5,600 when C was admitted as apartner having 1/7th share in profits and losses. C was asked to pay a premium of 1,400 forgoodwill and the profit-sharingratio as between A and B remained unchanged.Show entries in the Journal of firm. | 
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