Question
X and Y are partners in 3:2 ratio. Z is admitted and
brings ₹1,00,000 as capital and ₹20,000 as goodwill. Goodwill is not to be retained in books. Old partners share goodwill in their old ratio. Pass the necessary adjustment.Solution
Goodwill paid = ₹20,000. Shared in 3:2 → X = 12,000, Y = 8,000. Not retained in books → credited to old partners’ capital accounts.
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