Question

A and B are partners sharing profits and losses in the ratio of 2:5. They admit C on the condition that<br />he will bring 14,000 as his share of goodwill to be distributed between A and B. C's share in the future<br />profits or losses will be 1/4th. What will be the new profit-sharing ratio and what amount of goodwill<br />brought in by C will be received by A and B?​

Answer 1

Your answer is

• 6:15:7
• Goodwill

1. A 4,000
2. B 10,000

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