Deepali, Nimisha and Sonam were partners in a firm sharing profits in the ratio of 5 : 3 : 2 . Nimisha retired and the new profit sharing ratio betwee - Accountancy MCQ CUET Accountancy 2023 11 June Shift 3 2026 | ExamTest.live

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Deepali, Nimisha and Sonam were partners in a firm sharing profits in the ratio of 5 : 3 : 2 . Nimisha retired and the new profit sharing ratio between Deepali and Sonam was 2 : 3 . On Nimisha's retirement, the goodwill of the firm was valued at Rs. 1, 20, 000 . Using the information given in the case study, calculate Deepali's amount of sacrifice or gain in Goodwill.

Solution & Step-by-step Explanation

From the previous calculations, Deepali sacrifices \frac{1}{10} of the total share value. Deepali’s share of Goodwill sacrifice = Total Firm Goodwill \times Sacrifice Share Value = 1, 20, 000 \times \frac{1}{10} = Rs. 12, 000 sacrifice

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Deepali, Nimisha and Sonam were partners in a firm sharing profits in the ratio of 5 : 3 : 2 . Nimisha retired and the new profit sharing ratio between Deepali and Sonam was 2 : 3 . On Nimisha's retirement, the goodwill of the firm was valued at Rs. 1, 20, 000 . Using the information given in the case study, calculate Deepali's amount of sacrifice or gain in Goodwill.

Rs. 12, 000 sacrifice

Rs. 24, 000 gain

Rs. 36, 000 sacrifice

Rs. 48, 000 gain

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