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Disha and Divya are partners in a firm s...

Disha and Divya are partners in a firm sharing profits in the ratio of 3 : 2 respectively. The fixed capital of Disha is RS.4,80,000 and of Divya is RS.3,00,000. On 1st April, 2019 they admitted Hina as a new partner for 1/5th shar in future profits. Hina brought RS.3,00,000 as hre capital. Calculate value of goodwill of the firm and record necessary Journal entries on Hina's admission.

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(i) Dr. Bank A/c and Cr. Hina's Capital A/c-RS.3,00,000. (ii) Dr. Hina's Currnet A/c-RS.84,-000, Cr Disha's Current A/c-RS.50,400 and Divya's Current A/c-RS.33,600/
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TS GREWAL-Admission of a Partner-EXERCISE
  1. Asin and Shreyas are partners in a firm. They admit Ajay as a new part...

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

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

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

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

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

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

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

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

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

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

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

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

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

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  15. X and Y were partners in a firm sharing profits and losses in the rati...

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  16. (a) X, Y and Z are partners sharing profits and losses in the ratio of...

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  17. X, Y and Z are equal partners with capitals of RS.1,500, RS.1,750 and ...

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  18. A and B are carruying on business in partnership and sharing profits a...

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  19. Following was the Balance Sheet of A and B who were sharing profits in...

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  20. Given below is the Balance Sheet of A and B, who are carrying partners...

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