X & Y share profits & losses as 1 : 2. They agree to admit Z...

  

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X & Y share profits & losses as 1 : 2. They agree to admit Z (who is also in business on his own) as a third partner. At the time of admission of Z goodwill was appearing in balance sheet at Rs.14,000 which was revalued at Rs.18, 000. Z brings the following assets into the partnership: Goodwill- Rs.6, 000 Furniture-Rs.2, 800, Stock-Rs.13, 600 After admission of Z, goodwill will appear at sheet. in the balance X & Y share profits & losses as 1 : 2. They agree to admit Z (who is also in business on his own) as a third partner. At the time of admission of Z goodwill was appearing in balance sheet at Rs.14,000 which was revalued at Rs.18, 000. Z brings the following assets into the partnership: Goodwill- Rs.6, 000 Furniture-Rs.2, 800, Stock-Rs.13, 600 After admission of Z, goodwill will appear at sheet. in the balance

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