Question

Virat, Rohit and Shikhar were partners sharing profits in the ratio of 3 : 2:1
Shikhar retired from the firm on 1st April, 2018 on which date goodwill of the firm was valued at
82,40,00. Virat and Rohit decided to share future profits equally from that date. Pass the necessary
Joumal entries giving effect to goodwill on Shikha's retirement raising Goodwillat its current value​

Answer 1

Answer:

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