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Partners A and B are sharing profits and losses in the ratio of 4:3. Goodwill is raised at RO. 75,000. Partners agreed to admit C

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Partners A and B are sharing profits and losses in the ratio of 4:3. Goodwill is raised at RO. 75,000. Partners agreed to admit C into the firm for 1/5th share of future profits with a capital of RO. 65,000 but he was unable to bring the amount of goodwill. The accounting entry is

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