Qualification > Commerce

How did Accounting paper 3went?

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immortal:

--- Quote from: ahaseebmirza on June 12, 2010, 03:08:11 pm ---I guess i was not able to explain my self i did it this way..
33000 was paid by z for goodwill so total goodwill would be 33000 x 3=99000
add 60,000 revaluation that is 99,000+60,000=159,000/2=79500 for both the old partners...
then subtract 33000 each to give 46500 for both and 0 for Z...:D
Is that what u did immortal??

--- End quote ---
Ya, u got it right, but y did u multiply it 33000 by 3,althogh da ans is correct small part of ur working is wrong..

bilal920:
yea immortal is rite i dint do the multiplication either... but watever in the end wat matters is tht i got it rite  ;D

ahaseebmirza:
so what was the answer for the work in progress one...??

bilal920:
i got it as the something adding the actual production

pastyear:
me too choose the one with actual production.   ;D ;D :D

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