=+(1) On 31 December 2002 Alan is admitted as a partner. Alan is to introduce cash of
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=+(1) On 31 December 2002 Alan is admitted as a partner. Alan is to introduce cash of €60,000 into the partnership, including €5,000 for his share of the goodwill.
A goodwill account is not to be maintained in the books of the partnership. The partners have also agreed that Alan can also introduce his own car into the partnership. The car has a value of €15,000.
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Related Book For 
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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