Read of 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.
Sonam sacrifice = Old share -New share
= 2/10 - 3/5
= (2-6)/10
= -4/10
As this 4/10 is negative means Sonam gains by 4/10.
Goodwill of firm = 1,20,000
Sonam share = 1,20,000 x 4/10
= ₹48,000