Vidyalelo
Commerce · Q1781

Accounting

Graduate and Post Graduate · Commerce · question 1781

Q1781

X and Y are partners in a firm sharing profits in the ratio of 3 : 1. They admit Z as a partner with new profit sharing ratio of 2 : 1 : 1. The amount of goodwill brought in by new partner will be credited to

A.
X and Y equally
B.
Only X
Answer
C.
Only Y
D.
None of these

Answer: Option B

Solution

Answer: Option B
No explanation is given for this question Let's Discuss on Board