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In the method of raising goodwill account at full value firm's goodwill is ₹ 180000. Old partners share in 5:4:3. How much will be credited to the second partner when goodwill account is raised?

Answer and explanation

Correct answer: ₹ 60000

Full goodwill is credited to all old partners in old ratio. The second partner's share is four twelfth which is ₹ 60000.

Related tags

Goodwill-SettlementGoodwill-AccountNumericalGoodwill SettlementReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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