Question

. A and B are partners sharing profits and losses in the ratio of 3 : 2. C is admitted into partnership for 15th share in profit. He pays ₹1,00,000 as goodwill. The ratio of the partners A, B and C in the new firm would be 3 : 1 : 1. Goodwill will be credited to:​

Answer 1

Answer:

A and B are partners, sharing profits and losses in the ratio of 3:2. Goodwill appears in their Balance

Sheet at Rs 24,000, when C is admitted into partnership for 1/5th share in profit. He pays Rs50,000 for capital

and Rs8,000 as goodwill. The ratio of the partners A,B and C in the new firm would be 2:2:1.