Math, asked by mohanlal94666, 5 months ago

A and B are partners sharing profits & losses as 2 : 1. C and D are admitted and profit
sharing ratio becomes 4:2:3 : 1. Goodwill is valued at $2,00,000. D brings required
goodwill and 350,000 cash for Capital. C brings in 350,000 cash and 240,000 worth
stock as his capital in addition to the required amount of goodwill in cash.
Show the necessary journal entries.

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Answered by saimedha2005

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Answered by xXSofiaXx

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