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Question
A, B and C are partners sharing profits in 5 : 3 : 2. C retires and his share was purchased by A and B by giving him (C) ₹ 10,000 each from their Capital A/cs. What will be the value of the goodwill of the firm?
Options
₹ 20,000
₹ 1,00,000
₹ 50,000
₹ 1,20,000
MCQ
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Solution
₹ 1,00,000
Explanation:
Total profit-sharing ratio = 5 : 3 : 2
C’s share of Goodwill = `2/10`
Amount paid to C = 10,000 + 10,000 = 20,000
= `2/10xxX=20,000`
X = `(20,000xx10)/2`
X = ₹ 1,00,000
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