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.
If information provided in the case study is used, the sacrifice or gain of Sonam share of goodwill will be :
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → ₹48,000 gain
On retirement, each continuing partner’s gain = new share − old share. The gaining partner pays for the share of goodwill gained at the agreed value of goodwill.
Sonam’s old share = 2/10
Sonam’s new share = 3/5 = 6/10
Sonam’s gain = 6/10 − 2/10 = 4/10
Sonam’s gain in goodwill = ₹1,20,000 × 4/10 = ₹48,000
Sonam pays ₹36,000 to Nimisha and ₹12,000 to Deepali, who also sacrifices.
Note: In the book’s journal entry below, ₹36,000 against “To Neeru’s Capital A/c” is printed in the Debit column. It is a credit and belongs in the Credit column, beside ₹12,000.
NCERT (2026-27 edition):
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