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Jaya, Kirti, Ekta and Shewata are partners in a firm sharing profits and losses in the ratio of 2:1:2:1. On Jaya's retirement, the goodwill of

Jaya, Kirti, Ekta and Shewata are partners in a firm sharing profits and losses in the ratio of 2:1:2:1. On Jaya's retirement, the goodwill of the firm is valued at Rs. 36,000. Kirti, Ekta and Shewata decided to share future profits equally. Record the necessary journal entry for the treatment of goodwill without opening 'Goodwill Account

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