2. S, T and W are partners sharing profits and losses in the ratio of 3:2:1. With effect from
1″ April, 2017, they decided to

2. S, T and W are partners sharing profits and losses in the ratio of 3:2:1. With effect from
1″ April, 2017, they decided to share profits in the ratio of 4:3.2. Goodwill of the firm is
valued at Rs 1,80,000 for that purpose. You are required to give an adjustment entry for
the accounting treatment of goodwill assuming that capital of partners is fixed.​

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