Dev, Anil and Aman were partners sharing profits in the ratio of 2 : 1 : 1. Anil retired from the firm on 1st April, 2023 and Dev and Aman decided to share future profits equally. As on that date, goodwill of the firm was valued at ₹ 1,00,000. The amount of Goodwill that will be paid by Aman to the retiring partner will be
Dev, Anil and Aman were partners sharing profits in the ratio of 2 : 1 : 1. Anil retired from the firm on 1st April, 2023 and Dev and Aman decided to share future profits equally. As on that date, goodwill of the firm was valued at ₹ 1,00,000. The amount of Goodwill that will be paid by Aman to the retiring partner will be
a) ₹ 25,000
b) ₹ 50,000
c) ₹ 75,000
d) ₹ 1,00,000
Anurag Pathak Changed status to publish July 2, 2023
Ans – a)
Solution:-
Goodwill of the firm = ₹ 1,00,000
Anil’s share in goodwill = 1,00,000 × 1/4 = ₹ 25,000
Old Profit sharing ratio of Dev, Anil and Aman is 2 : 1 : 1
Anil retired
New Profit sharing ratio of Dev and Aman is 1 : 1
Dev = 1/2 – 2/4 = 2 – 2/4 = 0/4
Aman = 1/2 – 1/4 = 2 – 1/4 = 1/4
Aman will compensate ₹ 25,000 as he only acquire his whole share. Dev will not compensate as he does not acquire any share of Anil.
Anurag Pathak Changed status to publish July 2, 2023
