Accountancy, asked by lakshyasoni13, 6 months ago

P, R, and S are partners sharing profits in the ratio of 4:3:1. It is provided in the

Partnership Deed that, on the death of any partner , Deceased Partner’s share of goodwill

will be valued at half of the profits credited to his account during the previous four

completed years. R died on 1st April ,2020 . The firm’s Profit or Loss for the last four years

ended 31st March are : 2017 – 1,20,000, 2018 – 60,000, 2019 – 20,000(loss) , 2020 –

80,000. Determine the amount that should be credited to R as his share of goodwill.

A Rs .45,000 B Rs. 50,000

C Rs. 55,000 D Rs. 54,000

Answers

Answered by sangeeta9470
8

Answer:

profit of last four years = 120000+60000+80000-20000

=240000

R share of good will =240000×3/8×1/2

= 45000

45000 is the answer

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