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bb (Treatment of goodwill) P, Q and Rare partners sharing profits and losses in the ratio of 5: 3:2. Q retires and the goodwill of

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(Treatment of goodwill) P, Q and Rare partners sharing profits and losses in the ratio of 5: 3:2. Q retires and the goodwill of the firm is valued at $ 9,000. Goodwill already appearing in the books at $ 10,000. P and R will share the future profits in the ratio of 4: 1. Pass necessary journal entries for the treatment of goodwill

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