Question - 16

Hanny, Pammy and Sunny are partners sharing profits in the ratio of 3:2:1 Goodwill is appearing in the books at a value of Rs. 60,000 Pammy retires and at the time of pammy's retirement goodwill is valued at Rs. 84,000 Hanny and sunny decided to share future profit in the ratio of 2:1 Record the necessary journal entires.

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