A and B are partners sharing …
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A and B are partners sharing profits in 3:2.They admit C into partnership for
¼ share and new ratio is agreed at3:3:2.Goodwill of the firm is agreed at
₹2,40,000. However, C is unable to bring his share of goodwill in cash. Entry for
adjustment of goodwill will be
C’s……………………..a/c Dr. ……………
To A’s Capital a/c. …….
To B’s Capital a/c. ……
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