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A and B are partners sharing profits and losses as 2 : 1. C is admitted and profit sharing ratio becomes 4 : 3 : 2. Goodwill is valued at Rs94,500. C brings required goodwill in cash. Goodwill amount will be Credited to :
A Rs14,000 and B Rs7,000
A Rs12,000 and B Rs9,000
A Rs21,000
A Rs94,500
- Initially, A and B share profits in the ratio 2:1.
- When C is admitted, the ratio changes to 4:3:2.
- A's old share is 2/3, and B's old share is 1/3.
- A's new share becomes 4/9, and B's becomes 3/9 (or 1/3).
- A loses: 2/3 - 4/9 = 6/9 - 4/9 = 2/9.
- B loses no share: 1/3 = 3/9 remains 3/9.
- The total goodwill is Rs94,500. C's share of the goodwill is 2/9.
- C brings 2/9 of Rs94,500 = Rs21,000 as goodwill.
- This Rs21,000 should compensate the old partners for their sacrificed share.
- Therefore, it is credited fully to A since B's share didn't change.
Correct Answer: Option 3: A Rs21,000
.
By: santosh ProfileResourcesReport error
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