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the ratio of 5:3. They admit Tanu into the firm for 1/6 share in profit which he takes 1/18 from Tanu and 2/18 from
the ratio of 5:3. They admit Tanu into the firm for 1/6 share in profit which he takes 1/18 from Tanu and 2/18 from Puneet. Traun brings 9,000 as goodwill out of his share of 12,000. No goodwill account appears in the books of the firm. Make necessary journal entries in the books of the firm. proc and hig p e
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
