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Commerce · Q413

Accounting

Graduate and Post Graduate · Commerce · question 413

Q413

Ram and Shyam are partners in a firm with capital of Rs. 4,80,000 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. 4,80,000 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. 1,00,000
B.
Rs. 27,500
Answer
C.
Rs. 17,500
D.
Rs. 70,000

Answer: Option B

Solution

Answer: Option B
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