A, B and C were partners in a firm sharing profits and losses in the ratio of 2: 3: 1. Goodwill appeared in their books at ₹ 3,00,000. B retired from the firm on 1st April, 2024.On that date, the goodwill of the firm was valued at 5,40,000.
Pass the necessary Journal entries in the books of the firm for the treatment of goodwill on B’s retirement.
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