Question

x and y are partners in a firm sharing profit in the ratio 3:1 z enters for 1/5 share which he gets from old partners 2/1 goodwill already in the books 10,000 new goodwill 24,000 half of the Goodwill is bought by the new partner

Answer 1

Answer:

x and y are partners in a firm sharing profit in the ratio 3:1 z enters for 1/5 share which he gets from old partners 2/1 goodwill already in the books 10,000 new goodwill 24,000 half of the Goodwill is bought by the new partner