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A and B are partners in a firm sharing profits in the ratio of 3:2. They admit C as the new partner for 1/6th share

A and B are partners in a firm sharing profits in the ratio of 3:2. They admit C as the new partner for 1/6th share in the profits. The firm goodwill was valued at OMR 150,000. For adjustment of goodwill, Cs account will be debited by: None of the three.OMR25,000.OMR15,000.OMR20,000.



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