Practicing Success
X, Y, Z were partners sharing profits and losses in the ratio of 1:2:3. Z retired and his capital after making all adjustments is ₹220000. X & Y agreed to pay him ₹250000 in full settlement of his claim. The new profit-sharing ratio is 1:3. |
What is the amount of hidden goodwill in Z's share? |
₹20000 ₹30000 ₹25000 ₹35000 |
₹30000 |
Agreed amount = ₹250000 |