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adjustment for goodwill in admission of a partner when old ratio od a and b is 2:1. c brings rs 100000 as his capital and rs 60000 as his share of goodwill for 1/4 share in profit. |
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Answer» Explanation: Valuation and adjustment of GOODWILL;. 4. ... When new PARTNER is ADMITTED he acquires his SHARE in profits from the old ..... the value of goodwill will be Rs. 60,000 (Rs. 20,000 × 3),. |
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