Question

X and Y were partners in a firm sharing profit and loss 3:2. On 1st April 2016 they admitted Z as a new partner . The new profit sharing ratio will be 5:3:3. Z contributed the following assets toward his capital and fir his share of premium. Stock 30,000 , debtor 50,000 , land and building 80,000 , plant and machinery 90,000 . On date of admission of Z the goodwill of firm was valued 3,90,000.

Answer 1

4000 is the answer correct answer