Question - 21

A, B and C are partners sharing profits in the ratio of 4:2:3. B retires on this date his capital after making adjustments for various reserves and revaluation exists at Rs. 1,50,000 A and C agreed to pay him Rs. 1,80,000 in full settlement of his calm record necessary journal entry for the treatment of goodwill if A and C decided to share future profits loss equally.

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