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Commerce · Q664

Accounting

Graduate and Post Graduate · Commerce · question 664

Q664

Ram and Shyarn are partners in a firm with a 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, and Ganesh brings Rs. 3,00,000 as his capital. Ganesh's share of goodwill will be

Ram and Shyarn are partners in a firm with a capital of Rs. 4,80,000 and Rs. 3,10,000 respectively. They admitted Ganesh as a partner with share of profit, and Ganesh brings Rs. 3,00,000 as his capital. Ganesh's share of goodwill will be
A.
Rs. 1,10,000
B.
Rs. 27,500
Answer
C.
Rs. 17,500
D.
Rs. 70,000

Answer: Option B

Solution

Answer: Option B
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