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P & Q are partners of a firm sharing profits & losses in the ratio of 2:1, due to financial crunch they decided to admit R giving his 1/3rd share of profits, goodwill is appearing in the books at Rs.48,000 whereas an independent valuation reveled that the fair value of goodwill is NIL. Show its effect on partners capital if the partners decided to write off the goodwill from books. New ratio 1:1:1? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about P & Q are partners of a firm sharing profits & losses in the ratio of 2:1, due to financial crunch they decided to admit R giving his 1/3rd share of profits, goodwill is appearing in the books at Rs.48,000 whereas an independent valuation reveled that the fair value of goodwill is NIL. Show its effect on partners capital if the partners decided to write off the goodwill from books. New ratio 1:1:1? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for P & Q are partners of a firm sharing profits & losses in the ratio of 2:1, due to financial crunch they decided to admit R giving his 1/3rd share of profits, goodwill is appearing in the books at Rs.48,000 whereas an independent valuation reveled that the fair value of goodwill is NIL. Show its effect on partners capital if the partners decided to write off the goodwill from books. New ratio 1:1:1?.

Solutions for P & Q are partners of a firm sharing profits & losses in the ratio of 2:1, due to financial crunch they decided to admit R giving his 1/3rd share of profits, goodwill is appearing in the books at Rs.48,000 whereas an independent valuation reveled that the fair value of goodwill is NIL. Show its effect on partners capital if the partners decided to write off the goodwill from books. New ratio 1:1:1? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of P & Q are partners of a firm sharing profits & losses in the ratio of 2:1, due to financial crunch they decided to admit R giving his 1/3rd share of profits, goodwill is appearing in the books at Rs.48,000 whereas an independent valuation reveled that the fair value of goodwill is NIL. Show its effect on partners capital if the partners decided to write off the goodwill from books. New ratio 1:1:1? defined & explained in the simplest way possible. Besides giving the explanation of P & Q are partners of a firm sharing profits & losses in the ratio of 2:1, due to financial crunch they decided to admit R giving his 1/3rd share of profits, goodwill is appearing in the books at Rs.48,000 whereas an independent valuation reveled that the fair value of goodwill is NIL. Show its effect on partners capital if the partners decided to write off the goodwill from books. New ratio 1:1:1?, a detailed solution for P & Q are partners of a firm sharing profits & losses in the ratio of 2:1, due to financial crunch they decided to admit R giving his 1/3rd share of profits, goodwill is appearing in the books at Rs.48,000 whereas an independent valuation reveled that the fair value of goodwill is NIL. Show its effect on partners capital if the partners decided to write off the goodwill from books. New ratio 1:1:1? has been provided alongside types of P & Q are partners of a firm sharing profits & losses in the ratio of 2:1, due to financial crunch they decided to admit R giving his 1/3rd share of profits, goodwill is appearing in the books at Rs.48,000 whereas an independent valuation reveled that the fair value of goodwill is NIL. Show its effect on partners capital if the partners decided to write off the goodwill from books. New ratio 1:1:1? theory, EduRev gives you an ample number of questions to practice P & Q are partners of a firm sharing profits & losses in the ratio of 2:1, due to financial crunch they decided to admit R giving his 1/3rd share of profits, goodwill is appearing in the books at Rs.48,000 whereas an independent valuation reveled that the fair value of goodwill is NIL. Show its effect on partners capital if the partners decided to write off the goodwill from books. New ratio 1:1:1? tests, examples and also practice CA Foundation tests.