Hari. Om and naveen were partners …
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Hari. Om and naveen were partners in a firm sharing profits in the ratio of 7:2:1. On 28-2-2014, Hari died and the new profit sharing ratio between Om and Naveen was equal. On Hari's death, the goodwill of the firm was valued ₹ 240000.
Calculate the gaining ratio and pass the necessary journal entry on Hari's death for the treatment of goodwill.
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