X y and z are partners in a firm sharing profits in the ratio 2:2:1 y retired in 1 April 2020 goodwill of the firm was valued at 70000...
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Ratio of partner X:Y:Z = 2:2:1
Y retired then , ganing ratio of X:Z = 2:1
Goodwill of firm = 70000
Y share of goodwill = 70000 × 2/5 = 28000
Explanation:
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