Question - 36 

A and B are partners sharing profits and losses in the ratio of 3:2 they admit C into partnership for 1/5th share C bring Rs. 40,000 as capital and Rs. 10,000 as Goodwill at the time of admission goodwill appears in Balance sheet of old firm of Rs. 6,000 New profit sharing ratio of partner shall be 5:3:2 pass journal entries.

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