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If goodwill premium is rupees eighty four thousand and sacrificing ratio is two ratio five what is the share of the second old partner?

Answer and explanation

Correct answer: Rupees 60000

Total ratio is seven and the second partner's share is five sevenths. Five sevenths of rupees 84000 is rupees 60000.

Related tags

GoodwillPremiumSacrificing-RatioNumericalPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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