A, B and C were partners a firm sharing profits and losses in the ratio of 3 : 2 : 1. On 31st March, 2022, B retired from the firm.  On B’s retirement the goodwill of the firm was valued at 1,80,000.

Calculate B’s share of goodwill and pass necessary journal entry for the same without opening goodwill account. 

Marks-2, CBSE:2021-22/Compartment/Q-3

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