Kanham Neeraj and Asha were partners in a fiem. They admitted Raghav their Iandlord as a partner
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Question:
Kanham Neeraj and Asha were partners in a fiem. They admitted Raghav their Iandlord as a partner the the firm. Raghav brings suffcient amount of capital and good will premium for his share in the profits. Raghav had given a long of Rs. 1,00,000.
p.a. interest to the partnership firm before on lone should be paid?
p.a. Is he right in doing so? Give reason in support of your answer?
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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