Question

11.
1th
Mita and Sumit are partners in a firm with capitals of * 6,00,000 and
4,00,000 respectively. Keshav was admitted as a new partner for
5
share in the profits of the firm. Keshav brought = 40,000 as his share of
goodwill premium and = 3,00,000 as his capital. The amount of goodwill
premium credited to Sumit will be :
(A) 20,000
(B) 24,000
(C) 16,000
(D) 40,000
​

Answer 1

Answer :

C) 16,000

Given :

• Ratio as Per Capital Contribution of old partners = 6 : 4 or 3 : 2

• Keshav 's Share of Goodwill = 40,000

To Find :

Sumith 's Share Of Goodwill

Solution :

= 40,000 × ⅖

= 80,000 / 5

= 16,000

Therefore,

Amount of Goodwill Credited to Sumit will be 16,000