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Anil and Sunil are partners in a firm wi...

Anil and Sunil are partners in a firm with fixed capitals of RS.3,20,000 and RS.2,40,000 respectively. They admitted Charu as a new partner for 1/4th share in the profits on the firm on 1st April, 2012. Charu brought RS.3,20,000 as her share of capital.
Calculate value of goodwill and record necressary Journal entries.

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