Q589
X and Y are partners Sharing profits in the ratio of 3 : 1. They admit Z as a partner who pays Rs. 4,000 as Goodwill. If the new profit sharing ratio is 2 : 1 : 1 among X, Y and Z respectively, the Goodwill amount will be credited to:
A.
X and Y as Rs. 3,000 and Rs. 1,000 respectively
B.
X and Y as Rs. 2,000 each
C.
X only
AnswerD.
Y only
Answer: Option C
Solution
Answer: Option C
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