A, B and C were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. C retired and his capital balance after adjustments regarding reserves, accumulated profits/losses and his share of gain on revaluation was ₹ 2,50,000.
A, B and C were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. C retired and his capital balance after adjustments regarding reserves, accumulated profits/losses and his share of gain on revaluation was ₹ 2,50,000. C was paid ₹ 3,22,000 including his share of goodwill. The amount credited to C’s Capital account, on his retirement, for goodwill will be
a) ₹ 72,000
b) ₹ 7,200
c) ₹ 24,000
d) ₹ 36,000
Anurag Pathak Changed status to publish July 2, 2023
Ans – a)
Explanation:-
C’s share in goodwill = 3,22,000 – 2,50,000 = ₹ 72,000
Anurag Pathak Changed status to publish July 2, 2023
