A and B carrying on business as partners used to share profits and losses thus, A 4/7th and B
with and goodwill appeared in the books of the firm at 5,600 when C was admitted as a
partner having 1/7th share in profits and losses, was asked to pay a premium of 1,400 for
goodwill and the profit-sharing ratio as between A and B remained unchanged.
Show entries in the Journal of firm,
Ans. New Profit-sharing Ratio 24 : 18 : 7]
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Answer:brainliest mark kar dena
Explanation:profit and losses thus ;4/7 and 3/7,and goodwill appeared in books of firm at ... as partner having 1/7 share in profits and losses C was asked to pay a premium ...
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