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Q25 (Treatment of Goodwill) B, C, A were partners sharing profit and losses in the ratio of 2:1:1. On 1st January 2015, their Goodwill was

Q25 (Treatment of Goodwill) B, C, A were partners sharing profit and losses in the ratio of 2:1:1. On 1st January 2015, their Goodwill was valued at $ 20,000, there being no account for it in the books. On this date B retired. Pass journal entries

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