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The Balance Sheet of Madhu and Vidhi who are sharing profits in the ratio of 2 : 3 as at 31st March, 2016 is given below:
Land and Building
Madhu and Vidhi decided to admit Gayatri as a new partner from 1st April, 2016 and their new profit-sharing ratio will be 2 : 3 : 5. Gayatri brought 4,00,000 as her capital and her share of goodwill premium in cash.
By: NIHARIKA WALIA ProfileResourcesReport error
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