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3) X,Y and Z share profits and losses at 1/4,1/4 and 2/4 respectively. Partner X decide to leave the partnership. You are required to show:

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3) X,Y and Z share profits and losses at 1/4,1/4 and 2/4 respectively. Partner X decide to leave the partnership. You are required to show: A) Journal entries necessaries if goodwill account to be opened for all cases. B) Capital accounts for all cases

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