R admitted as a new partner for one-fourth share of future profits, fails to bring in...

 

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R admitted as a new partner for one-fourth share of future profits, fails to bring in cash of Rs.20,000 towards goodwill, but the existing (old) partners S and T, sharing profits in the ratio of 3: 2, raised the goodwill account at its full value. Therefore, the partners will be credited for goodwill as A B C D S(Rs.) = 12,000, T (Rs.) = 8,000, R(Rs.) = Nil S(Rs.) = 36,000, T (Rs.) = 24, 000, R(Rs.) = 20, 000 S(Rs.) = 48,000, T (Rs.) = 32, 000, R(Rs.) = Nil S(Rs.) = 9,000, T (Rs.) = 6,000, R(Rs.) = 5,000 R admitted as a new partner for one-fourth share of future profits, fails to bring in cash of Rs.20,000 towards goodwill, but the existing (old) partners S and T, sharing profits in the ratio of 3: 2, raised the goodwill account at its full value. Therefore, the partners will be credited for goodwill as A B C D S(Rs.) = 12,000, T (Rs.) = 8,000, R(Rs.) = Nil S(Rs.) = 36,000, T (Rs.) = 24, 000, R(Rs.) = 20, 000 S(Rs.) = 48,000, T (Rs.) = 32, 000, R(Rs.) = Nil S(Rs.) = 9,000, T (Rs.) = 6,000, R(Rs.) = 5,000

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