Based on following, answer the question.
Amrita and Kalyani are partners sharing profits in the ratio of 3:2. They decided to expand the business by admitting Suraj as new partner for 1/4th share. Suraj's share of goodwill is valued at ₹90,000 for which he compensated Amrita and Kalyani in the ratio of 1:4. Following information is also provided:
| Particulars | Book value (₹) | Revalued figure (₹) |
| Machinery | 25,00,000 | 27,00,000 |
| Land | 10,00,000 | 50,00,000 |
| Computers | 2,50,000 | 50,000 |
Workmen Compensation Fund ₹5,00,000. Claim against workmen compensation is ₹2,00,000 and goodwill appeared in the books at ₹60,000.
Goodwill brought by Suraj will be distributed as:
Answer & explanation
Correct answer: option 3
The correct answer is option 3- ₹18,000; ₹72,000.
Goodwill is distributed in the ratio of 1:4
Suraj's share in goodwill is ₹90,000
So, ₹90,000 is distributed in ratio of 1:4
Amrita share = 90,000 x 1/5
= ₹18,000
Kalyani share = 90,000 x 4/5
= ₹72,000