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S,T and U were partners in a firm sharing profits in the ratio of 1:2:2. On 15-2-2002.. S Died and the new profit sharing ratio of remaining partners was 3:2. On S's death the goodwill of the firm was valued at 60,000 Calculate the gaining ration and pass the journal entry on S's death.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9959003

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