Subjective Questions on Hanny Pammy and Sunny are partners sharing profits in the ratio of 3 2 1 Goodwill is appearing in th........... for Commerce 12th Preparation

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Hanny, Pammy and Sunny are partners sharing profits in the ratio of 3 : 2 : 1. Goodwill is appearing in the books at a value of 60,000. Pammy retires and at the time of Pammy's retirement, goodwill is valued at 84,000. Hanny and Sunny decided to share future profits in the ratio of 2 : 1. Record the necessary Journal entries.

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