Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

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-

Options:

Rs. 42,000

Rs. 48,000

Rs. 28,000

Rs. 24,000

Correct Answer:

Rs. 28,000

Explanation:

The correct answer is Option (3) → Rs. 28,000