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The retiring partners share of goodwill is rupees eighty thousand and continuing partners gaining ratio is three ratio two what is the burden of the first continuing partner?

Answer and explanation

Correct answer: Rupees 48000

Rupees 80000 divided in ratio three to two gives three fifth to the first partner. Hence his burden is rupees 48000.

Related tags

GoodwillRetirementGaining-RatioNumericalPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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