Question - 14

Jaya, Kriti Ekta and Shweta are partners in a firm sharing profits and losses in the ratio of 2:1:2:1 on Jaya retirement the goodwill of the firm is valued at Rs. 36,000. Kriti, Ekta and Shweta decided to share future profit equally Record the necessary journal entries for the treatment of goodwill without opening "Goodwill Account"

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