Question - 34

Arti and Bharti are partner's in a firm sharing profit in 3:2 ratio they admitted sarthi for 1/4 share in the profits of firm sarthi bring Rs. 50,000 for his capital and Rs. 10,000 for his 1/4 share of goodwill. Goodwill already appear in the book's of Arti and bharti at Rs. 5,000 the new profit sharing ratio among Arti, Bharti and sarthi will be 2:1:1 record the necessary journal enrties the books of new firm.

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