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A and B share profits in (5:4). C is admitted and new ratio is (4:3:2). Goodwill is (₹360000). How much will B be credited?

Answer and explanation

Correct answer: (₹40000)

C's share is (2/9), so his goodwill share is (360000 \times \frac{2}{9}=₹80000). With sacrificing ratio (1:1), B receives (₹40000).

Related tags

GoodwillAdmissionGoodwill CreditPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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