A and B were partners in a firm sharing profit  ratio of 3:2. They admitted C and D as new partner. The new profit sharing ratio will be 2:2:1:1. C and D brought Rs 2,75,000 each for their respective capitails and also necessary amount of premium for goodwill in cash. Goodwill was valued at Rs 2,40,000 for the firm. Calculate sacrificing ratio of Aand B and pass necessary journal entries for the transjaction in the book of firm.

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