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(Goodwill Existing in the Books at the T...

(Goodwill Existing in the Books at the Time of Admission and Retainet in the books).
Raman and Chaman are partners shairng profits equally. They admit Boman for 1/3rd share Goodwill appeared in the Balance Sheet as at 31st March, 2019, at RS 2,00,000. It was agreed among the partners to carry forward the exsiting goodwill at its book value. Boman brought his share of goodwill by cheque.
Pass the Journal entries for goodwill.

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(iii) Goodwill (Premium for Goodwill) is brought in Cash by New or Incoming Partner and is withdrawn by Sacriticing Partners Fully or Partly
Amount of premium for goodwill brought by the new or incoming partner is shared by the sacificing partners in the sacificing ratio. The sacrificing partners may withdraw the premium amount fully or partly.
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TS GREWAL-Admission of a Partner-EXERCISE
  1. (Goodwill Existing in the Books at the Time of Admission and Retainet ...

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  2. X, Y and Z are partners sharing profits and losses in the ratio of 5 :...

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  3. Ravi and Mukesh are sharing profits in the ratio of 7 : 3. They admit...

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  4. A and B are partners sharing and losses in the porportion of 7 : 5. Th...

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  5. A, B and C were partners in a firm sharing profits in the ratio of 3 :...

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  6. Bharati and Astha were partners sharing profits in the ratio of 3 : 2....

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  7. X and Y are partners in a firm sharing profits and losses in the ratio...

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  8. R and S are partners sharing profits in the ratio of 5 : 3. T joins th...

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  9. Kabir and Farid are partners in a firm sharing profits and losses in t...

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  10. Find New Profit-sharing Ratio: (i) R and T are partners in a firm sh...

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  11. X and Y are partners sharing profits in the ratio of 3 : 2. They admit...

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  12. Rakesh and Suresh are sharing profits in the ratio of 4 : 3. Zaheer jo...

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  13. A and B are partners sharing profits in the ratio of 3 : 2. C is admi...

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  14. A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. D i...

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  15. A, B, C and D are in partnership sharing profits and losses in the rat...

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  16. X and Y are partners sharing profits and losses in the of 3 : 2. They ...

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  17. A, B and C are partners sharing profits in the ratio of 2 : 2 : 1, D i...

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  18. A and B are in partnership sharing profits and losses as 3 : 2. C is a...

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  19. P and Q are partners sharing profits in the ratio of 3 : 2. They admit...

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  20. A and B are partners sharing profits and losses in the ratio of 2 : 1....

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  21. A and B are partners sharing profits and losses in the ratio of 2 : 5....

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