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Jai and Raj are partners sharing profits in the ratio of 3 : 2 . With effect from 1st April, 2018, they decided to share profits equally. Goodwill appeared in the books at Rs. 25,000 . As on 1st April, 2018, it was valued at Rs. 1,00,000 . They decided to carry goodwill in the books of the firm. Pass the journal entry giving effect to the above.

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