and bare partners sharing profits and losses as 2:1,On 1 April,2018 they admit C as a partner for 1/4 share who pays ₹450000 as goodwill privately. On 1 April, 2019, they take D as a partner for 3/5 share who brings₹400000 as goodwill out of which half is withdrawn by the existing partners . On 1 April, 2020, E is admitted as a partner for 1/6 share who brings₹500000 as goodwill which is retained in the business .
Journalist the above transaction in the books of the firm.
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Answer:admitted as a partner for 1/6 share who brings₹500000 as goodwill which is retained in the business .
Journalist the above transaction in the books of the firm. firm.
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