K, N and P are partners sharing profits and losses in the ratio of 4:3:2. N retires and the goodwill is valued at ₹72,000. K and P decided to share future profits and losses in the ratio of 5:3. Find which of the following is not correct?

N Capital A/c is debited with ₹24,000

The correct answer is option 2- N Capital A/c is debited with ₹24,000.

K, N and P old ratio =  4:3:2
N retires
Goodwill = ₹72,000.
K and P new ratio = 5:3

Gaining share = New share - Old share

Gain of K = 5/8 - 4/9
              = (45-32)/72
              = 13/72

Gain of P = 3/8 - 2/9
              = (27-16)/72
              = 11/72

Gaining ratio = 13/72 : 11/72 or 13:11

Goodwill share of N will be distributed in this ratio.
So, N's share in goodwill = 72,000 x 3/9
                                     = 24,000

K will compensate to N = 24,000 x 13/24
                                  = 13,000

P will compensate to N = 24,000 x 11/24
                                  = 11,000

Journal entry for this-

K's Capital A/c           13,000
P's Capital A/c           11,000
   To N's Capital A/c              24,000

So, option 2 is not correct as N's Capital A/c is credited not debited.