A, B and C are partners in a firm sharing profits in the ratio 7:4:4. B retires and on the day of his retirement Goodwill existed in the books at 30,000. B's Capital A/c will be debited by
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Rs. 8000
Goodwill already in the books was built up while all three partners were in the firm. On B’s retirement it is written off by debiting all the partners, B included, in their old ratio of 7:4:4.
B’s share = Rs. 30,000 × 4/15 = Rs. 8,000
Nil would be right only if B were left out of the write-off, and Rs. 14,000 is A’s share (Rs. 30,000 × 7/15), not B’s.
NCERT (2026-27 edition):
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