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
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Old profit sharing ratio = 3 : 2 : 1
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Goodwill already in books = ₹60,000
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New value of goodwill = ₹84,000
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Pammy retires → her old share = 2/6 = 1/3
Pammy’s share of the current value of goodwill : 84000*1/3 = Rs 28,000