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Q. 29. Partners 4. B and C share the profit of a business in the ratio of 31 200.000 for his share of goodwill. Show the journal entries if 4B C and D derespectively. For one-sixth share they admit D who brings in 32.00.000 includeto share the profits respectively in the ratio of (a) 15 : 10 5:6; b) 5:3.1.1(0) 221:1. Assume that the entire cash brought in by D remains in the busineGive Journal entries. |
| Answer» DEBITS, CREDIT, PROFIT and LOSS | |