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25-05-2024
Mathematics

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LMN are partners sharing proft in the ratio 3:2:1 they admit O into partnership O bring in cash 450000 as capital and 150000 as Goodwill for 1/5 share of profit pass journal entries and find find out new profit sharing ratio when (a) Goodwill is retained in the firm (b) Goodwill is withdrawn by old partners

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