Practicing Success
On the basis of the information given answer the question below : Akhil, Karan and Sakshi are partners sharing profits in the ratio 5 : 3 : 2. Goodwill already appear in the books ₹60,000. Karan decided to retire from the firm. Goodwill of the firm was valued at ₹2,40,000. Existing partners decided to share profits in the ratio 3 : 2. |
Karan will be credited on account of Goodwill with: |
₹96,000 ₹72,000 ₹24,000 ₹18,000 |
₹72,000 |
The correct answer is Option (2) - ₹72,000. Karan share in goodwill = 240000 x 3/10 |