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A and B are partners in a firm . Their profit sharing ratio is 5:3.They admit C into partnership for 1/4th share.As between themselves A and B decide to share profits equally in future.C brings in Rs.1,20,000 as his capital and Rs.60,000 as premium. Calculate the sacrificing ratio and record the necessary journal entries on the assumption that the amount of premium bought in by C is retained in business.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared
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the Commerce exam syllabus. Information about A and B are partners in a firm . Their profit sharing ratio is 5:3.They admit C into partnership for 1/4th share.As between themselves A and B decide to share profits equally in future.C brings in Rs.1,20,000 as his capital and Rs.60,000 as premium. Calculate the sacrificing ratio and record the necessary journal entries on the assumption that the amount of premium bought in by C is retained in business.? covers all topics & solutions for Commerce 2024 Exam.
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A and B are partners in a firm . Their profit sharing ratio is 5:3.They admit C into partnership for 1/4th share.As between themselves A and B decide to share profits equally in future.C brings in Rs.1,20,000 as his capital and Rs.60,000 as premium. Calculate the sacrificing ratio and record the necessary journal entries on the assumption that the amount of premium bought in by C is retained in business.?, a detailed solution for A and B are partners in a firm . Their profit sharing ratio is 5:3.They admit C into partnership for 1/4th share.As between themselves A and B decide to share profits equally in future.C brings in Rs.1,20,000 as his capital and Rs.60,000 as premium. Calculate the sacrificing ratio and record the necessary journal entries on the assumption that the amount of premium bought in by C is retained in business.? has been provided alongside types of A and B are partners in a firm . Their profit sharing ratio is 5:3.They admit C into partnership for 1/4th share.As between themselves A and B decide to share profits equally in future.C brings in Rs.1,20,000 as his capital and Rs.60,000 as premium. Calculate the sacrificing ratio and record the necessary journal entries on the assumption that the amount of premium bought in by C is retained in business.? theory, EduRev gives you an
ample number of questions to practice A and B are partners in a firm . Their profit sharing ratio is 5:3.They admit C into partnership for 1/4th share.As between themselves A and B decide to share profits equally in future.C brings in Rs.1,20,000 as his capital and Rs.60,000 as premium. Calculate the sacrificing ratio and record the necessary journal entries on the assumption that the amount of premium bought in by C is retained in business.? tests, examples and also practice Commerce tests.