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A and B share profits in (3:2). C is admitted for (1/4) share. New ratio is (2:1:1) and goodwill is (₹400000). How much will B be credited?

Answer and explanation

Correct answer: (₹60000)

C's goodwill share is (400000 \times \frac{1}{4}=₹100000). In sacrificing ratio (2:3), B receives (100000 \times \frac{3}{5}=₹60000).

Related tags

GoodwillAdmissionGoodwill Credit ComplexPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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