Question

X and y ar partner sharing profit and losses in 2:1 a was admitted to the firm z would provide 500,000 as his capital and 30,000 asgoodeill

Answer 1

Answer:

in ratio given 2:1 to share h goodwill

30000 × 2/3 for x = 20000

and

30000× 1/3 for y = 10000