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If the retiring partner's goodwill share is ₹ 18000 and the continuing partners' gaining ratio is 2:7 then how much will the first partner bear?

Answer and explanation

Correct answer: ₹ 4000

Dividing ₹ 18000 in the ratio 2:7 gives ₹ 4000 to the first partner. Use total ratio parts as nine.

Related tags

Goodwill-SettlementNumericalGaining-RatioGoodwill SettlementReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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