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A and B are in partnership sharing profits in the ratio of 3: 2. They take a new partner. Goodwill of the firm is valued at Rs. 3,00,000 and C bring Rs.30,000 as his share of goodwill in cash which is entirely credited to Capital Account of A. New Profit sharing ratio will be: (A)3 : 2: 1 (B) 6 : 3 :1 (C ) 5 : 4 : 1 (D) 4 : 5 : 1 |
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Answer» (C ) 5 : 4 : 1 |
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