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P and q are partners sharing …

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P and q are partners sharing profit and loss in the ratio 7:5. They admitted R into partnership for 1/4 of share p and q decided to share future profits equally among themselves. What will be the share of goodwill if q gets 20000 as his share of premium from r in his sacrificing ratio also calculate their sacrificing ratio

Posted by Sanya Arora 7 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Ajeet Kumar Dixit 7 years, 3 months ago

Not 1:1 its 5:1

Ajeet Kumar Dixit 7 years, 3 months ago

Sacrificing ratio=1:1

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