Retirement of Partner - Accounting for Goodwill<br /><br /><br />A, B and C are partners in a firm sharing profits and losses in ratio of 3:3:2 . On retirement of C, the goodwill was valued at Rs. 80,000. A and B decided to share the future profit equally. Pass adjustment enteries for goodwill , without opening the goodwill Account ?<br /><br />Subscribe to the Channel and stay updated with the latest Educational Videos. <br /><br />The time has gone where you need to spend money on tuition. Learn here on the best Educational channel for CBSE and ICSE boards.
