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M and J are partners in a firm sharing p...

M and J are partners in a firm sharing profits in the ratio of 3 : 2. They admit R as a new partner. The new profit-sharing ratio between M, J and R will be 5 : 3 : 2, R brought in RS.25,000 for his share of premium for goodwill. Pass necessary Journal entries for the treatment of goodwill.

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Goodwill will be shared by M and J equally.
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TS GREWAL-Admission of a Partner-EXERCISE
  1. A and B are partners in a firm sharing profits and losses in the rati...

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  2. B and C are in partnership sharing profits and losses as 3 : 1. They a...

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  3. M and J are partners in a firm sharing profits in the ratio of 3 : 2. ...

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  4. A and B are in partnership sharing profit and losses in the ratio of 5...

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  5. A and B are partners sharing profits and losses in the ratio of 7 : 5...

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  6. X and Y are partners sharing profits in the ratio of 3 : 1. Z is admit...

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  7. Anshul and Parul are partners sharing profits in the ratio of 3 : 2. T...

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  8. A and B are partners in a firm sharing profits and losses in the ratio...

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  9. Aun and Bhagwan were partners in a firm sharing profits in the ratio 3...

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  10. X and Y are partners in a firm sharing profits in the ratio of 3 : 2....

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  11. A and B are partners in a business sharing profits and losses in the r...

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  12. A and B were partners in a firm sahring profits and losses in the rati...

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  13. A and B are partners sharing profits in the ratio of 2 : 1. They admit...

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  14. A and B are partners sharing profits and losses in the ratio of 3 : 2....

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  15. On the admission of Rao, goodwill of Murty and Shah is valued at RS.30...

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  16. A and B are partners sharing profits in the ratio of 3 : 2. Their boo...

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  17. A, B and C are in partnership profits and losses in the ratio of 5 : 4...

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  18. Mohan and Sohan were partners in a firm sharing profits and losses in ...

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  19. Madan and Gopal are partners sharing profits in the ratio of 3 : 2. Th...

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  20. Anil and Sunil are partners in a firm with fixed capitals of RS.3,20,0...

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