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Commerce · Q2109

Accounting

Graduate and Post Graduate · Commerce · question 2109

Q2109

A and B are partners sharing profits in the ratio of 2 : 1 They admit C who agrees that his share of goodwill Rs. 15,000 be debited to his capital he is required to bring in. The future profit sharing ratio of A, B and C will be 2 : 3 : 3 respectively. A's Capital account in lieu of goodwill will be credited by:

A.
Rs. 10,000
B.
Rs. 15,000
C.
Rs. 16,533
D.
Rs. 16,667
Answer

Answer: Option D

Solution

Answer: Option D
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