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A and B are partners sharing the profit in the ratio of 3: 2 they take C as the new partner, who brings in
A and B are partners sharing the profit in the ratio of 3: 2 they take C as the new partner, who brings in 25,000 against capital and 10,000 against goodwill. New profit sharing ratio is 1:1:1. In what ratio will this amount be shared among the old partners A and B?
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At the time of admission of a new partner When capital good...
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Core concepts of accounting information systems
Authors: Jacob M. Rose, Mark G. Simkin, Carolyn Strand Norman
13th edition
978-1-119-0332, 1118742931, 978-1118742938
