Question

ABCD is the new firm which acquires the

running business of A and B and C and D

whose adjusted capitals are Rs. 90,000,

Rs. 86,000, Rs. 70,000 and Rs. 60,000

respectively. They share profits and losses

equally. Among the assets and liabilities

taken over are good will of A and B

Rs. 30,000 and that of C and D Rs. 50,000. It

is decided to write it off The new firm's

capital should be Rs. 2,40,000 which must be

in profit sharing ratio.​

Answer 1

will" (and any subsequent words) was ignored because we limit queries to 32 words.