29. Madhu and Neha were partners in a firm sharing profits and losses in the ratio of 3:5. Their fixed capitals were 4,00,000 and 6,00,000 respectively. On 1st Jan, 2016, Tina was admitted as a new partner for 1/ 4 th share in the profits. Tina acquired her share of profit from Neha. Tina brought 4,00,000 as her capital which was to be kept fixed like the capitals of Madhu and neha. calculate the goodwill of the firm on Tina's admission and choose the correct option.
A. ₹50000
B. ₹200000
C. ₹20000
D. ₹1400000
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Answer:
b
Explanation:
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