Akash, Atul and Kirti are partners sharing profits in the ratio of 4 : 3 : 2. Atul retires from the business. His share of goodwill is ₹ 7,200. Goodwill exists in the books at its full value. Now, it is decided not to show goodwill in the books. Akash and Kirti decided to share future profits and losses in the ratio of 5 : 3. Pass necessary Journal entries.

Anurag Pathak Changed status to publish March 3, 2024
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