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Please solve it Quickly... Question 7 Not yet answered Khalid and Khalifa are partners of Marble Company in Ibri, they are sharing profits and losses
Please solve it Quickly...
Question 7 Not yet answered Khalid and Khalifa are partners of Marble Company in Ibri, they are sharing profits and losses in the ratio of 1:4. Adil is admitted as a new partner for 1/6th share. Adil brings OMR 77,000 as his capital but he is not able to bring his share of Goodwill in cash. Total Goodwill of the firm is OMR 55,500. In the book Khalid and Khalifa Marble Company Goodwill already appears at OMR 12,225. Record necessary journal entries in Khalid and Khalifa Marble company. Marked out of 4.00 Remove flagStep by Step Solution
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Accounting Ethics
Authors: Ronald F. Duska, Brenda Shay Duska, Kenneth Wm. Kury
3rd Edition
1119118786, 9781119118787
