Hanny, Pammy and Sunny are partners sharing profits in the ratio of 3 : 2 : 1. Goodwill is appearing in the books at a value of Rs. 60,000. Pammy retires and at the time of Pammy's retirement, goodwill is valued at Rs. 84,000. Hanny and Sunny decided to share future profits in the ratio of 2 : 1. Pammy's share of current value of goodwill is-
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Rs. 28,000
A retiring partner is entitled to his share of goodwill at its current value on the date of retirement, worked out in the old profit sharing ratio. The goodwill already in the books (Rs. 60,000) is written off among all partners and does not change his share of the current value.
Pammy’s old share = 2/6 = 1/3
Current value of goodwill = Rs. 84,000
Pammy’s share = Rs. 84,000 × 1/3 = Rs. 28,000
Hanny and Sunny each gain 1/6 (from 3/6 to 4/6 and from 1/6 to 2/6), so each of them pays Rs. 14,000 of this Rs. 28,000 to Pammy.
NCERT (2026-27 edition):
NCERT (2026-27 edition):
|
