Q. 35. A and B are partners sharing profits in the ratio of 5:3. They admit Cimo
the firm for 3/10th profit which he takes 2/10th from A and 1/10th from B and bring
not appear in the books of A and B. Give journal entries and the new ratio of A B
1,50,000 as premium in Cash out of his share of 3,90,000. Goodwill account does
and C
[Ans. New ratio 17:11: 12.1
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just don't know please the value 90867
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