A B and C are partners sharing profits in the ratio of 3 2 1 B retired and the new profit sharing ra...........

A, B and C are partners sharing profits in the ratio of 3 : 2 : 1. B retired and the new profit-sharing ratio between A and C was 2 : 1. On B's retirement, the goodwill of the firm was valued at 90,000. Pass necessary Journal entry for the treatment of goodwill on B's retirement.