In their old profit sharing Idulu) R Illustration 22(B). A, B, C and D were partners sharing profits in the ratio of1:2:3: 4. D retired and his share was acquired by A and B equally. Goodwill wasvalued at 3 years' purchase of average profits of last 4 years, which were 40,000.General Reserve showed a balance of 1,30,000 and D's Capital in the BalanceSheet was 3,00,000 at the time of D's retirement. You are required to recordnecessary journal entries in the books of the firm and prepare D's capital accounton his retirement,(C.B.S.E., Sample Paper 2016 and 2017)

In their old profit sharing Idulu) R Illustration 22(B). A, B, C and

1.	In their old profit sharing Idulu) R Illustration 22(B). A, B, C and D were partners sharing profits in the ratio of1:2:3: 4. D retired and his share was acquired by A and B equally. Goodwill wasvalued at 3 years' purchase of average profits of last 4 years, which were 40,000.General Reserve showed a balance of 1,30,000 and D's Capital in the BalanceSheet was 3,00,000 at the time of D's retirement. You are required to recordnecessary journal entries in the books of the firm and prepare D's capital accounton his retirement,(C.B.S.E., Sample Paper 2016 and 2017)
Answer» e,....(^_^)HERE IS UR ANSWER... REFER TO THE ATTACHMENT GIVEN..

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