Rani, Manav and Pushpa were partners in a firm sharing profits and losses in the ratio of 5:3:2. On 1st April, 2024, Rani decided to retire from the firm. On that day, the balance in her capital account after making necessary adjustments on account of reserves, revaluation of assets and reassessment of liabilities was ₹3,08,000. Manav and Pushpa agreed to pay her ₹3,80,000 in full settlement of her claim.

Calculate Rani share of goodwill and pass the necessary journal entry for the same. 

Marks-3, CBSE: 2024-25/Zone-7/Set-1/Q-20