Question

A and B were partners sharing profits and losses in the ratio of 3:2. On I*
April, 2021 they admitted C as a new partner and new ratio was decided as
3:2:1. Goodwill of the firm was valued as R 3,00,000. C couldn't bring any
amount for goodwill. Amount of goodwill share to be credited to A and B
Accounts will be:

Answer 1

Answer:

(Being half of the premium for goodwill withdrawn by the partners)

Calculation of sacrificing ratio:

A's sacrifice= 3/5- 2/7= 11/35

B's sacrifice= 2/5- 2/7= 4/35

Sacrificing ratio= 11:4

Working Note:

Distribution of goodwill:

A's share= 150000 * 11/15= 110000

B's share= 150000 * 4/15= 40000

Please make me a BRAINLIST