Partnership Accounting


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Hello Everyone

I am solving various partnership admission questions involving Bonus method and Goodwill method. I am confused as how to decide whether the question is asking for Goodwill or Bonus method.

For example :

A and B capital in the partnership is of Rs. 15000 & 25000. They decided to add C into the firm. C Invests 20,000 and get 1/3 interest.

I am confused which method to use, Goodwill or Bonus, to solve this question.

Your help is needed !

Thanks
 
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