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A and B are partners in …

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A and B are partners in a firm sharing profits in the ratio of 3:2 Their fixed capital were 5,00,000 and 3,00,000 on 1 11 2019, they admitted C as s new partner for 1/5th share in profit He bring Rs 3,00,000 good as his capital calculate the value goodwill of the firm and record necessary entries for the treatment goodwill.

Posted by Akshay Das 3 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Chahat Sharma 3 years, 11 months ago

The value of firm goodwill is 4,00,000 Solution 3,00,000×5/1= 15,00,000 & total capital of firm= 3,00,000+ 3,00,000+5,00,000= 11,00,000 & 15,00,000- 11,00,000 =4,00,000 i.e the total goodwill of the firm

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