Harish, Girish and Paresh were partners sharing profits in the ratio of 2 : 1 : 1. Paresh retired from the firm on 1st April, 2023 and Harish and Girish decided to share future profits equally.
Harish, Girish and Paresh were partners sharing profits in the ratio of 2 : 1 : 1. Paresh retired from the firm on 1st April, 2023 and Harish and Girish decided to share future profits equally. As on that date, goodwill of the firm was valued at ₹ 2,00,000. The amount of Goodwill that will be paid by Harish to Paresh will be
a) ₹ 50,000
b) ₹ 1,00,000
c) ₹ 75,000
d) ₹ Nil
Anurag Pathak Changed status to publish July 2, 2023
Ans – d)
Solution:-
Old ratio of Harish, Girish and Paresh is 2 : 1 : 1
Paresh retired
New ratio of Harish and Girish is 1 : 1
Harish gain = 1/2 – 2/4 = 2 – 2/4 = 0/4
Girish gain = 1/2 – 1/4 = 2 – 1/4 = 1/4
Paresh share in goodwill = 2,00,000 × 1/4 = ₹ 50,000
Harish will not compensate goodwill to the paresh as he does not acquire any part of paresh share.
Anurag Pathak Changed status to publish July 2, 2023
