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A and B were partners in a firm sahring ...

A and B were partners in a firm sahring profits and losses in the ratio of 3 : 2. they admitted C as a new partner for 3/7th share in the profit and the new profit-sharing ratio will be 2 : 2 : 3. C brought RS.2,00,000 as his capital and RS.1,50,000 as premium for goodwill. Half of their share of premium was withdrawn by A and B from the firm. Calculate sacrificing ratio and pass necessary Journal entries for the above transactions in the books of the firm.

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Sacrificing Ratio- 11 : 4.
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TS GREWAL-Admission of a Partner-EXERCISE
  1. X and Y are partners in a firm sharing profits in the ratio of 3 : 2....

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

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

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

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

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

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

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

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

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

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

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  12. A and B are partners in a firm with capital of RS.60,000 and RS.1,20,0...

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  13. Bhuwan and Shivam were partners in a firm sharing profit in the ratio ...

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  14. Vinay and Naman are partenrs sharing profits in the ratio 4 : 1. Their...

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  15. X and Y are partners with capitals of RS.50,000 each. They admit Z as ...

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  16. Asin and Shreyas are partners in a firm. They admit Ajay as a new part...

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  17. Verma and Sharma are partners in a firm sharing profits and losses in ...

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  18. Disha and Divya are partners in a firm sharing profits in the ratio of...

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  19. E and F were partnres in a firm sharing profits in the ratio of 3 : 1....

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  20. Mr. A commenced business with a capital of RS.2,50,000 on 1st April, 2...

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