Z is admitted in a firm for a 1/4 share in the profit for which he brings 7

English Reconstitution of Partnership Firm: Admission of a Partner

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Updated19 Aug 2026

Z is admitted in a firm for a \(\frac{1}{4}\) share in the profit for which he brings 7 30,000 for goodwill. It will be taken away by the old partners X and Y in :

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