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Commerce · Q1523

Accounting

Graduate and Post Graduate · Commerce · question 1523

Q1523

A and B are partners in a firm and share profits and losses in the ratio of 3 : 2. C joins firm as new partner and contributes Rs. 6,000 as premium for goodwill in cash. Here, the premium for goodwill shall be shared by A and B on the basis of new profit sharing ratio, that is 5 : 3 : 2 as

A.
Rs. 3,600 : Rs. 2,400
B.
Rs. 3,000 : Rs. 3,000
Answer
C.
Rs. 2,400 : Rs. 3,600
D.
Rs. 2,000 : Rs. 4,000

Answer: Option B

Solution

Answer: Option B
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