19. A and B are partners in a firm sharing profits and losscs in the ratio of 3:2.They decide to admit C into partnership with 1/4 share in profits: C will bringin Rs. 30,000 for capital and the requisite amount of goodwill premium in cash.The goodwill of the firm is valued at Rs, 20,000. The new profit sharing ratio is2:1:1. A and B withdraw their share of goodwill. Give necessary journal entries?

19. A and B are partners in a firm sharing profits and losscs in the r

1.	19. A and B are partners in a firm sharing profits and losscs in the ratio of 3:2.They decide to admit C into partnership with 1/4 share in profits: C will bringin Rs. 30,000 for capital and the requisite amount of goodwill premium in cash.The goodwill of the firm is valued at Rs, 20,000. The new profit sharing ratio is2:1:1. A and B withdraw their share of goodwill. Give necessary journal entries?
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