QNo.54 X and Y are patners sharing profits in the
ratio of 3:1. They admitted Z a partner with new profit
sharing ratio 2:1:1. The amount of goodwill brought in
by new partner will be credited to -
A. X and Y equally
B. Only X
C. Only Y
D. None of these
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Answer:
B. Only X
Explanation:
Bcz only x sacrificed his ratio.
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