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Goodwill is (₹600000). Retiring partner's share is (1/4) and continuing partners gain in (2:3). How much will the second continuing partner be debited?

Answer and explanation

Correct answer: (₹90000)

Retiring partner's goodwill share is (600000 \times \frac{1}{4}=₹150000). The second continuing partner's part is (150000 \times \frac{3}{5}=₹90000).

Related tags

GoodwillRetirementGoodwill AdjustmentPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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