Question

X & Y are parnters sharing profit in the ratio of 5:3. They agreed to admit z into partnership for 1/8 share which he has to acquires equally from Xandy. His share of goodwill is of 12,000 but he was unable to pay any amount. Goodwill already appeared in the books as 40,000 .​

Answer 1

Answer:

X & Y are parnters sharing profit in the ratio of 5:3. They agreed to admit z into partnership for 1/8 share which he has to acquires equally from Xandy. His share of goodwill is of 12,000 but he was unable to pay any amount. Goodwill already appeared in the books as 40,000 .

Explanation:

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