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Class 12 Accountancy Partnership Accounts - Basic Concepts GoodwillExpert

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Goodwill is (₹320000). A and B's old ratio is (3:5) and new ratio is (5:3). Who will be credited and by how much?

Answer and explanation

Correct answer: B (₹80000)

B's share decreases from (5/8) to (3/8), so B sacrifices. Sacrifice is (2/8=1/4) and credit is (₹80000).

Related tags

Goodwill Change In Ratio Sacrificing Partner Credit Partnership Accounts Basic Concepts Accountancy Class 12 Mcq

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