A, B and C are partners sharing profits in the ratio 2:2:1. On retirement of B, goodwill was valued as Rs. 30,000. Find
Rs. 8,000 and Rs. 4,000 correct per NCERT Retirement or Death of a Partner; matches accountancy concept accurately.
Ref: NCERT Accountancy Class XII Chapter 4 Retirement Death of Partner explains goodwill settlement executor loan interest Section 37 provisions accounting.