Question

A and B are partners in a business sharing profit
in the ratio of 5:3. C is admitted as partner with 1/
4 share in profit which acquires 3/4 from A and 1/
4 from B. He pays Rs. 8,000 as his share of goodwill.
A and B respectively will be credited by:
(a) Rs. 4,000 each
(b) Rs. 5,000 and Rs. 3.000
(C) Rs. 6.000 and Rs. 2,000
(d) Rs. 2,000 and Rs. 6,000​

Answer 1

Option b Rs.5,000 and Rs.3,000 is the right answer.

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