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Goodwill is (₹810000). New partner takes (1/9) share and sacrificing ratio is (4:5). How much will the first old partner be credited?

Answer and explanation

Correct answer: (₹40000)

New partner's goodwill share is (810000 \times \frac{1}{9}=₹90000). First old partner's part is (90000 \times \frac{4}{9}=₹40000).

Related tags

GoodwillAdmissionSacrificing Ratio CreditPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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