A, B & C were equal partners with goodwill Rs 1,20,000 in the balance sheet and...
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A, B & C were equal partners with goodwill Rs 1,20,000 in the balance sheet and they agreed to take D as an equal partner on the term that he should bring Rs 1,60,000 as his capital and goodwill, his share of goodwill was evaluated at Rs 60,000 and the goodwill account is to be written off before admission. What will be the treatment for goodwill? A, B & C were equal partners with goodwill Rs 1,20,000 in the balance sheet and they agreed to take D as an equal partner on the term that he should bring Rs 1,60,000 as his capital and goodwill, his share of goodwill was evaluated at Rs 60,000 and the goodwill account is to be written off before admission. What will be the treatment for goodwill?
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new At the time of admission of a new partner goodwill brought in by partner is distribut... View the full answer
Related Book For
Thermodynamics An Interactive Approach
ISBN: 978-0130351173
1st edition
Authors: Subrata Bhattacharjee
Posted Date:
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