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X and Y are partners in …

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X and Y are partners in a firm sharing profits and losses in the ratio of 3:1. They admit 2 as partner for 1/5th share of future profits of the firm. Z introduces 40,000, out of which? 20,000 is towards goodwill of the firm. You are asked to Journalise the above transactions in the books of the firm

Posted by Sagar Kumar 1 year, 10 months ago

Jharkhand Board > Class 12 > Accountancy

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