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If existing goodwill in books is rupees two lakh ten thousand and old partners' ratio is four to three what will be the second partner's debit?

Answer and explanation

Correct answer: Rupees 90000

Existing goodwill is written off in old ratio. The second partner's share is three sevenths which is rupees 90000.

Related tags

GoodwillExisting-GoodwillWrite-OffNumericalPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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