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Match the following items :a)Goodwill appearing in the books at the time of admissioni)New partner’s Capital A/c Dr.To Sacrificing Partners’ capital A/cb)When new partner brings his/her share of goodwill in cashii)No entry passed in the books of accountsc)When new partner is unable to bring his/her share of goodwill in cashiii)Premium for goodwill A/c Dr.To sacrificing partners’ capital A/cd)When new partner brings his/her share of goodwill in cash and paid privatelyiv)Written off in old profit sharing ratioa) a- iii) b- i) c- ii) d – iv) b) a- iv) b – iii) c – i) d – ii) c) a – iv ) b – iii) c – ii) d – i) d) a – ii) b – iv) c – i) d – iii) |
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Answer» b) a- iv) b – iii) c – i) d – ii) |
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