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A, B and C are partners sharing profits in the ratio of 3 : 4 : 5. B retires and the goodwill of the firm is valued at ₹42,000. A and C decide to share profits in the ratio of 3 : 4. Journal entry will be :

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A, B and C are partners sharing profits in the ratio of 3 : 4 : 5. B retires and the goodwill of the firm is valued at ₹42,000. A and C decide to share profits in the ratio of 3 : 4. Journal entry will be :






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