Read the following case study and answer question.
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 ₹1,20,000.
Using the information given in the case study, calculate Deepali's amount of sacrifice or gain in Goodwill.
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → ₹12,000 sacrifice
A continuing partner can also sacrifice on another partner’s retirement when her new share is smaller than her old share; she is then compensated by the gaining partner.
Deepali’s old share = 5/10
Deepali’s new share = 2/5 = 4/10
Change = 4/10 − 5/10 = −1/10, i.e. a sacrifice of 1/10
Deepali’s sacrifice in goodwill = ₹1,20,000 × 1/10 = ₹12,000
NCERT (2026-27 edition):
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