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1 mark

C brings in Rs. 60,000 as his share of goodwill for share in profit. A and B share profits in ratio . A's share of goodwill brought in by C will be:
image

  1. A
    Rs. 20,000
  2. B
    Rs. 40,000
  3. C
    Rs. 60,000
  4. D
    Rs. 30,000

Solution & Step-by-step Explanation

Unless otherwise mentioned, old partners sacrifice in their old profit sharing ratio.Old ratio of A and B = .A's share of goodwill = .

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C brings in Rs. 60,000 as his share of goodwill for share in profit. A and B share profits in ratio . A's share of goodwill brought in by C will be:
image
A
Rs. 20,000
B
Rs. 40,000
C
Rs. 60,000
D
Rs. 30,000

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