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Firm's goodwill is (₹560000). C's new share is (2/8) and old partners' sacrificing ratio is (11:3). How much will A be credited?

Answer and explanation

Correct answer: (₹110000)

C's share of goodwill is (560000 \times \frac{2}{8}=₹140000). A's credit is (140000 \times \frac{11}{14}=₹110000).

Related tags

GoodwillAdmissionGoodwill Credit ComplexPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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