X and Y are partners in a firm sharing profits in the ratio of 5 3 They admitted Z as a new partner ...........

X and Y are partners in a firm sharing profits in the ratio of 5 : 3. They admitted Z as a new partner. The new profit sharing ratio will be 4 : 3 : 2. The firm’s goodwill on Z’s admission was valued at Rs1,26,000. But Z could not bring any amount of goodwill in Cash. Credit will be given to :

X Rs17,500; Y Rs10,500

X Rs16,000; Y Rs12,000

X Rs22,750; Y Rs5,250

A Rs1,02,375; Rs 23,625

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