A, B and Care partners sharing profits and losses in the ratio of 5:3:2 decided to share
profits losses equally with effect from 1 April 2018. Goodwill of the firm is valued
at 90,000. Pass journal entries under each of the following alternative cases:-
Case 1. When goodwill does not appear in the books.
Case 2. When goodwill appears in the books at 60,000
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