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Mita and Sumit are partners in a firm with capitals of ₹ 6,00,000 and ₹ 4,00,000 respectively.  Keshav was admitted as a new partner for 1/5th share in the profits of the firm. Keshav brought ₹ 40,000 as his share of goodwill premium and ₹ 3,00,000 of his capital.  The amount of goodwill premium credited to Sumit will be

a) ₹ 20,000

b) ₹ 24,000

c) ₹ 16,000

d) ₹ 40,000

Anurag Pathak Changed status to publish June 1, 2023
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