Question

X and Y are partners in a firm in the ratio of 2 : 1 respectively. They admit Z as a new partner. The new ratio of the firm becomes 3:2 : 1 respectively. Z brings 5,000 as premium for his share of goodwill. The value of firm's goodwill will be -
(a) ₹ 24,000
(b) ₹ 30,000
(c) ₹ 27,000
(d) ₹ 18,000 ​

Answer 1

Answer:

Z's share = 1/6

premium for goodwill = 5000

total goodwill = 5000×6/1 = 30,000

Answer 2

Answer:

Explanation:

Z is admitted for 1/6th share of profit

Z's contribution of Rs. 5000 consists of 1/6 share of goodwill only

Thereforfe, total goodwill of firm should be Rs. 5000 * (6/1) = 30000