Sonali and Rupali are partners in a firm with capital of 600000 each. They decided to admit Rakhi as a partner with 1/4th share in the profits and losses of the firm. Rakhi bring of 800000 as her share of capital. Their profit and loss account shows a credit balance of 400000 as on the date of admission. Give journal entry to record Goodwill on rakhi's admission





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