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A and B have been trading as partners and sharing profits and losses equally through the period .They decide to change profit sharing ratio to 3:2.
The capital balances are
A- sh. 1000000
B- sh. 1500000
Goodwill has been agreed at sh. 500,000
Required:
Question 1: Show three partners capital balances assuming that
a) Goodwill is to be retained in the account
b) Goodwill is to be written off fr.the ac
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