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A and B are partners in a firm with capi...

A and B are partners in a firm with capital of RS.60,000 and RS.1,20,000 respectively. They decide to admit C into the partnership for 1/4th share in the future profits. C is to bring in a sum of RS.70,000 as his capital. Calculate amount of goodwill.

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Goodwill -RS.30,000.
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TS GREWAL-Admission of a Partner-EXERCISE
  1. Madan and Gopal are partners sharing profits in the ratio of 3 : 2. Th...

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

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

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

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

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

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

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

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

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

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

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  12. Pass entries in the firm's Journal for the following on admission of a...

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  13. Pass entries in firm's Journal for the following on admission of a par...

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

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

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

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  17. X and Y are partners in a shring profits in the ratio of 3 : 2. They ...

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  18. X, Y and Z are partners sharing profit and losses in the ratio of 6 :...

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  19. At the time of admission of a partner C assets and liabilities of A an...

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  20. X and Y are partners in a firm sharing profit and losses in the ratio ...

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