Question

Lalita, Shivani and Madhuri were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Madhuri retired from the firm on 31st March, 2025. The balance in her capital account on the date of her retirement was ₹ 1,80,000. Lalita and Shivani agreed to pay her ₹ 2,25,000 in full settlement of her claim. The goodwill of the firm on Madhuri’s retirement was ______.

विकल्प

• ₹ 1,80,000

• ₹ 2,25,000

• ₹ 45,000

• ₹ 2,70,000

Answer 1

Lalita, Shivani and Madhuri were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Madhuri retired from the firm on 31st March, 2025. The balance in her capital account on the date of her retirement was ₹ 1,80,000. Lalita and Shivani agreed to pay her ₹ 2,25,000 in full settlement of her claim. The goodwill of the firm on Madhuri’s retirement was ₹ 2,70,000.

Explanation:

1. Calculate Madhuri’s share of goodwill:

Madhuri’s goodwill = Amount paid − Capital balance

= 2,25,000 − 1,80,000

= 45,000

2. Calculate the total goodwill of the firm:

Total goodwill = `"Madhuri’s share" xx 6/1`

= 45,000 × 6

= ₹ 2,70,000