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
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
Ans – a)
Solution:-
The Premium for Goodwill brought in by a new partner is credited to sacrificing partners in their sacrificing ratio.
in the absence of any further information, the old ratio is always equal to the sacrificing ratio i.e., 1 : 1
Sumit will get = ₹ 40,000 × 1/2 = ₹ 20,000
Anurag Pathak Changed status to publish June 1, 2023
