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 . If information provided in the case study is used, the sacrifice or gain of Sonam share of goodwill will be:

Solution & Step-by-step Explanation

Based on the ratio calculations, Sonam gains a profit share of \frac{4}{10} . Sonam’s Share of Goodwill Gain = Total Firm Goodwill \times Sonam’s Gaining Share Value = 1, 20, 000 \times \frac{4}{10} = Rs. 48, 000 gain

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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 . If information provided in the case study is used, the sacrifice or gain of Sonam share of goodwill will be:

Rs. 12, 000 sacrifice

Rs. 24, 000 gain

Rs. 36, 000 sacrifice

Rs. 48, 000 gain

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