33. A, B and C were in partnership sharing profits equally. On 31st December, 2015
their capital accounts were as follows: A rs15,000 : B rs10,000; C rs5,000. On 1st Janues
2016 D was admitted as a new partner for 1/4th share. He agreed to bring 4,000 as capital
and 3,000 for goodwill. Each of the partners was to leave half of his share of goodwill
business and withdrew the other half. Pass necessary journal entries and prepare Capital A/cs.
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Answer:
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Explanation:
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