DIRECTION: Analyses the following case study and answer the questions 1 to 4 the basis of the same.R and S are partners in a firm sharing profits in the ratio of 3:2 they admit T as new partner the new profit sharing ratio of R, S and T will be 5:5:3 T contributed the following assets towards his capital and for his share of Goodwill. Stock ₹ 1,67,000 debtors ₹1,40,000 (Less Provision for doubtful debts of 5%) and land ₹ 1,00,000 Plant & Machinery ₹1,80,000. On the date of admission of T, the Goodwill of the firm was valued at ₹13,00,000.1. What could be the purpose of admitting T in the firm? (a) Acquiring additional managerial skills (b) Procuring additional capital (c) Enhancing efficiency of operations (d) None of the above 2. What was the amount of capital brought in by T? (a) ₹ 5,80,000 (b) ₹ 3,00,000 (c) ₹ 2,85,000 (d) ₹ 2,80,000 3. What is the sacrificing ratio of R and S? (a) 2:3 (b) 3:2 (c) 1:1 (d) None of the above 4. What share of goodwill did R get? (a) ₹ 6,50,000 (b) ₹ 1,50,000 (c) ₹ 2,80,000 (d) None of these