Question

Kapil and Nikhil are partners sharing profits as 3:2. They admit Sanju into partnership and new ratio agreed as 5:3:2. Goodwill of the firm is valued at 40,000 and Sanju brings half of his share of goodwill in cash. The amount of goodwill to be credited to Kapil and Nikhil will be: 6ooor! *24,000 and 16,000 respectively. (b) 12,000 and 8,000 respectively. fet 2.000 and 2.000 respectively. 4 000 0X2 (d) * 4,000 and 4,000 respectively. 4000 8x2 10 8000 & 8000 ​

Answer 1

Answer:

Correct option is

C

B = Rs. 12,000, C = Rs. 8,000, A = Nil

Old ratio (B and C) = 3 : 2

A is admitted for 1/4 share of profit for which he was supposed to bring goodwill of Rs. 5000

According to A's share total goodwill of the firm is A's share to goodwill multiply by reciprocal of A's share of profit

Therefore, total goodwill = Rs. 5000 * (4/1) = Rs. 20000

Goodwill credited to old partner in old ratio is-

B = Rs. 20000 * (3/5) = Rs. 12000

C = Rs. 20000 * (2/5) = Rs. 8000