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A and B share profits in (5:3). C is admitted for (1/4) share and A sacrifices (1/8), B sacrifices (1/8). C's share of goodwill is (₹80000). How much will B be credited?

Answer and explanation

Correct answer: (₹40000)

A and B sacrifice equally, so sacrificing ratio is (1:1). B receives (80000 \times \frac{1}{2}=₹40000).

Related tags

GoodwillAdmissionSacrificing RatioPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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