CBSE Class 12 Accountancy | SQP 2025-26 | Q17 | 3 Marks | Admission of Partner | Goodwill Entry
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17.
Raju, Rinku and Munni were partners sharing Profits & Losses in the ratio 3:1:1. They admitted Chunni into partnership for 1/5 share. It was decided that Munni will have 1/4 share in future profits. Goodwill of the firm was valued at ₹ 3,20,000 and Chunni was unable to bring anything. Calculate New Ratio, Sacrificing Ratio and journalise for goodwill at the time of admission of Chunni.
(3 marks)
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