Question
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.
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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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
