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A and b are partners sharing profits in the ratio of 31 on

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A and B are partners sharing profits in the ratio of 3:1. On 1st April,2001, they admit C into partnership for 1/5 who pays Rs.50,000 as premium privately. On 1st April 2002,they admit D into partnership for 1/6th share who brings Rs.40,000 as premium.Pass the journal entry for the above.

Reference no: EM13588113

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