Q5. A and B are partners sharing profits in the ratio of 3: 2. They admit C into the partnership with 14th share in future profits. The new profit sharing ratio is 5: 4:3. The firm's goodwill on C's admission was valued at 1,44,000. But C could not bring any amount for goodwill in Cash. Credit will be given to
(A) A 80,000; B 64,000
(B) A 20,000; B 16,000
(C) A 1,05,600; B 38,400
(D) A 26,400; B 9,600
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Answer:
D) A ₹ 26,400; B ₹ 9,600
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