CA CPT 2014 Dec Question Paper Fundamentals of Accounting for online practice

A, B and C are partners in a firm in the ratio of 3:2:1. A retired and the firm received Rs.1,52,500towards JLP, which is appearing in the balance sheet at Rs.1,80,000. Cash a/c is debited and JLP a/c iscredited with Rs.1,52,500. What will be the treatment for the balance left in JLP a/c?