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Commerce · Q1268

Accounting

Graduate and Post Graduate · Commerce · question 1268

Q1268

Ram and Shyam are partners in a firm with capital of Rs. 4,50,000 and Rs. 3,10,000 respectively. They admitted Ganesh as a partner with 1/4^ th share of profit. Ganesh brings Rs. 3,00,000 as his capital. Ganesh's share of goodwill will be

Ram and Shyam are partners in a firm with capital of Rs. 4,50,000 and Rs. 3,10,000 respectively. They admitted Ganesh as a partner with share of profit. Ganesh brings Rs. 3,00,000 as his capital. Ganesh's share of goodwill will be
A.
Rs. 1,10,000
B.
Rs. 27,000
Answer
C.
Rs. 17,500
D.
Rs. 70,000

Answer: Option B

Solution

Answer: Option B
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