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A and B who shared profits …

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A and B who shared profits in the proportion of 5:3 had capitals of Rs 70 000 and Rs 40 000 respectively.They agree to admit C into partnership for 1/10 th share in future profits.C brings Rs 30 000 as capital and is unable to bring Rs 1 600 as his share of goodwill in cash.Give journal entries.

Posted by Arpit Raghuwanshi 4 years, 1 month ago

CBSE > Class 12 > Accountancy

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