Accountancy, asked by sekarmaha24, 1 month ago

poomalar and Thenmozhi were partners in a firm sharing profits and losses in the ratio 7:3.They decided to admit kanimozhi into the firm to one sixth share of profits .Goodwill account stood in their books at Rs.60000 and it was on that above date of the admission valued at Rs.40000.What is the entry for the goodwill account to its agreed value?​

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Answered by Anonymous
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