ADMISSION OF A PARTNER 168 Q. 68. Following is the Balance Sheet of A and B who are sharing profits in the atio of 2 : 3. Amount Assets Amount Liabilities Trade Payables Outstanding Expenses Capitals А ₹ 50,00 5,20,00 4,60,00 3.80.0 ₹ 2,60,000 Goodwill 40,000 Plant & Machinery Stock 5,00,000 Debtors 7,00,000 12,00,000 Bank balance Deferred Revenue Expenditure 15,00,000 66. B. 24.1 15,00, C is admitted into partnership on the following terms:
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c option or B:24.115.00
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