P, Q and R are partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. R retires and the balance in his capital A/c after making necessary adjustments works out to be ₹60,000. However P and Q agreed to pay him ₹75,000 in full settlement of his claim. Then the amount to be debited to P's capital A/c would be:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → ₹9,000
The amount paid to a retiring partner over the balance in his capital account (after all adjustments) is his share of goodwill (hidden goodwill). The continuing partners bear it in their gaining ratio, here their own ratio 3 : 2.
R’s share of goodwill = ₹75,000 − ₹60,000 = ₹15,000
P’s share = ₹15,000 × 3/5 = ₹9,000
Q’s share = ₹15,000 × 2/5 = ₹6,000
NCERT (2026-27 edition):
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