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Commerce · Q1312

Accounting

Graduate and Post Graduate · Commerce · question 1312

Q1312

X and Y are partners sharing profits and losses in 3 : 1. They admitted Z in the partnership and he bring Rs. 8,000 as his share of goodwill. New profit sharing ratio between X, Y and Z is 2 : 1 : 1, goodwill will be distributed to.

A.
X and Y Rs. 6,000 and Rs. 2,000 respectively
B.
X and Y Rs. 4,000 each
C.
Only X
Answer
D.
Only Y

Answer: Option C

Solution

Answer: Option C
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