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  3. 12th Class
  4. Accountancy

12th Class Accountancy Sample Paper Accountancy - Sample Paper-14

  • question_answer
    Sangeet and Puneet are partners in a firm sharing profits equally. Kshitij is admitted for l/4th share. Goodwill of the firm is valued at Rs. 60,000. He pays his share of goodwill privately to the old partners. How will this transaction be recorded in the books of the firm?

    Answer:

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