Question

nts of A
old.
3
5
Y. 39. A and B are partners sharing profits in the ratio of 3:2. On 1st April, 2
ney admit C as a new partner for-th share. C acquires th of his share from A.
Goodwill on C's admission is to be valued on the basis of capitalisation of avone
t March, 2015 Profit 1,20,000 (including gain of $40,000 from sale of fixed assets)
will be credited in their sacrificing ratio.]
1
4
ofits of the last five years. Profits were :
ar ended
st March, 2014 Profit 350,000
t March, 2016 Loss 360,000 (after charging Loss by Fire 50,000)​

Answer 1

Answer:

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