jamuna , ganga and krishna are partners in a firm . krishna retired from the firm . after making all the adjustments for reserves and revaluation of assets and liabilities the balace in krishna's capital account was 120,000 . jamuna and ganga paid 180,000 in full settlement to krishna . identify the item for jamuna and ganga paid 60000 more to krishna .

Dear student,

Extra amount paid (Rs 60,000) to Krishna will be his share of amount of Goodwill.

Regards

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