Accountancy > Accounting For Partnership Firms > Admission Of A Partner
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Ali and Bani were partners in a firm. They admitted Chaman as a new partner with share in the profits of the firm. Chaman brought ₹5,00,000 as his share of capital. The value of assets of the firm on Chaman's admission was ₹20,00,000 and outside liabilities were ₹12,00,000. The goodwill of the firm on Chaman's admission was:
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