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· A and B were partners sharing profits in the ratio of 3 : 2. Goodwill
appeared in the books of the firm at * 6,000, when they decided
to admit C, as a partner and fixed his share of 20% of the profits
and losses. C brings a premium of 2,000 and future profit sharing
ratio is agreed at 2:2: 1. Pass necessary Journal Entries.
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