Vijay, Ajay, and rohit are 3 …

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Vijay, Ajay, and rohit are 3 partners in a firm showing p/L in the ratio of 3:1:2. Ajay takes retirement from firm on 1 april 2019. For this purpose, goodwill of the firm is valued at 12,00,000 . Pass necessary journal entry for adjustment of goodwill by both the methods:-
1- through partner's capital account
2- By raising and writing-off goodwill.
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