3.137
ADMISSION OF A PARTNER
Q. 41. (HOTS) A, B and C were partners in a firm sharing profits in the ratio of
2:2:1. They admitted D for 1/6th share in the profits. The new profit sharing ratio will be 13:8:4:5 respectively. D brought 5,00,000 for his capital and 60,000 for
his share of goodwill. Pass necessary entries.
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