Accountancy, asked by Anonymous, 2 months ago

Sanali and Rupali are partners in a firm with capitals of 6,00,000 each. They decided to admit
Lakhi as a partner with 1/4th share in the profits of the firm. Rakhi brings 8,00,000 as her
share of capital. Their Profit and Loss Account shows a credit balance of 4,00,000 as on the
date of admission Give Journal entries to record goodwill on Rakhi's admission.

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Answered by shinubinu2002

2

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