Question - 28

A and B share profit and loss in the ratio of 2:1 they admitted C on 1st January 1994 as a partner with the terms that he will give Rs. 30,000 as capital and Rs. 9,000 as goodwill for the 1/6th share it was again decided that the goodwill amount brought by C will be taken away by old partners make necessary journal entries and prepare cash A/c. 

NOTE : Please purchase the book for looking question.