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XYZ are three partners sharing profit and loss in the ratio of 5:3:2. X retires and value of the goodwill of the firm is
XYZ are three partners sharing profit and loss in the ratio of 5:3:2. X retires and value of the goodwill of the firm is valued at Rs.100000. YZ decides to share profit and loss equally. What is the gaining ratio at the time of retirement of X?
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
10th edition
9780077515904, 007802529X, 77515900, 978-0078025297
