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x and y are partners in a firm sharing profits in the ratio 3 2 on 31 march 2004 their balance sheet was as follows on the above date z was admitted as a new partner in the firm for 1/4th share in th3 profit on the following terms z will bring 120000 for his capital and 20000 as goodwill in cash. machinery to be depreciated by 10 q and land building was to be appreciated by 30000. stock valued at 80000 provision of 5% be created for doubtful debts half of the Goodwill withdrawn by the old partner

Posted by Sakshi Kalouni 3 years, 3 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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