Question

A, B and C were partners in a firm sharing profits and losses in the ratio
of 5: 3: 2. C retired and his capital balance after adjustments regarding
reserves, accumulated profits/losses and his share of gain on revaluation
was 2,50,000. C was paid 3,22,000 including his share of goodwill.
The amount credited to C's capital account, on his retirement, for goodwill
will be :
(A) = 72,000
(B) = 7,200
(C) 24,000
(D) 36,000
​

Answer 1

Answer:

A.72000 is the amount credited by C

Answer 2

Answer:

OPTIONS (A)

Explanation:

the amount paid by C - C share of profit

= 322000 - 250000

= 72000

After deducting the total capital share of C from the total received amount by C ,the goodwill amount can be identified