Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

The total value of goodwill is ₹2,70,000, and the deceased partner’s share in goodwill is \(\frac{2}{9}\). What amount will be credited to the deceased partner’s executor as his share of goodwill?

Answer and explanation

Correct answer: ₹60,000

The deceased partner’s share of goodwill is calculated as \(₹2,70,000 \times \frac{2}{9}=₹60,000\). Therefore, ₹60,000 will be credited to the executor’s account. ₹45,000 represents only \(\frac{1}{6}\) of the goodwill, so it is incorrect. Exam tip: Multiply the total goodwill by the deceased partner’s profit-sharing ratio.

Related tags

GoodwillDeath Of PartnerExecutor AccountPartner RetirementAccountancy NumericalsGoodwill SettlementReconstitution Retirement Or Death Of A PartnerAccountancy

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.