Target Exam

CUET

Subject

Accountancy Part A

Chapter

Admission of a Partner

Question:

Anurag and Manish are partners in a firm sharing profits in the ratio of 3:2. Their capitals were Rs. 1,00,000 and Rs. 80,000 respectively. They admitted Priya on Jan. 1, 2025 as a new partner for 1/5 share in the future profits. Priya brought Rs. 80,000 as her capital. Calculate Priya’s share of Goodwill.

Options:

Rs. 44,000

Rs. 80,000

Rs. 28,000

Rs. 36,000

Correct Answer:

Rs. 28,000

Explanation:

The correct answer is Option (3) → 

Rs. 28,000