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O X,Y and Z are three partners in a firm. They are sharing profit and loss in the ratio of 2:2:1. Y retires from
O X,Y and Z are three partners in a firm. They are sharing profit and loss in the ratio of 2:2:1. Y retires from the firm on 31st March. The firm decided not to raise goodwill A/c in the books of a/c. What entry will be made for the treatment of goodwill at the time of retirement of Y?
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If goodwill is reputation of firm value in t...
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
