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     EduGorilla 
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    A, B and C were partners sharing in ratio of 5 : 2 : 3. C retires and the new ratio is decided as 2 : 3. Goodwill of the firm valued at Rs. 1,00,000. The journal entry will be

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    1. debit B's capital by Rs. 40,000 and credit A's and C's capital by Rs. 10,000 and Rs. 30,000, respectively
    2. credit B's capital by Rs. 40,000 and debit A's and C's capital by Rs. 10,000 and Rs. 30,000, respectively
    3. debit B's and A's capital by Rs. 30,000 and Rs. 10,000, respectively and credit C's capital by Rs. 40,000
    4. credit B's and A's capital by Rs. 30,000 and Rs. 10,000, respectively and debit C's by Rs. 40,000
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