Question

Abhay and Beena are partners in a firm. They admit Chetan as a partner with 1/4th

share in the profits of the firm. Chetan brings Rs 2,00,000 as his share of capital.

Value of the total assets of the firm is Rs 5,40,000 and outside liabilities are valued at

Rs 1,00,000 on the date. Give necessary entry to record goodwill at the time of

Chetan’s admission. Also, show your working notes.
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Answer 1

Step-by-step explanation:

that is the answer ..,...........