Question

Kiran, Ketan and Keshav are partners sharing profits in the ratio 3:2:1. Goodwill appears in the books at 90,000. Ketan retires and the remaining partners decided to continue the firm. Goodwill is valued at 120000. Record the treatment of above transactions in the books of Kiran and Keshav who decided to share future profits in the ratio 2:1.​

Answer 1

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