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X and Y are partners sharing profits and losses in the ratio of 3 : 2. They admit Z into partnership with `(1)/(5)`th share in profits which he acquires equally from X and Y, Z brings in Rs.40,000 as goodwill in cash. Goodwill amount will be credited to :

A

X Rs.20,000, Y Rs.20,000

B

X Rs.25,000, Y Rs.15,000

C

X Rs.24,000, Y Rs.16,000

D

X Rs.4,000, Y Rs.4,000

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DK GOEL-ADMISSION OF A PARTNER -MCQ Treatment of Goodwill :
  1. A and B are partners sharing profits and losses as 2 : 1. C is admitte...

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  2. X and Y are partners sharing profits and losses in the ratio of 3 : 2....

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  3. A and B are partners sharing profits and losses in the ratio of 3 : 2....

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  4. A and B are partners in a firm sharing profits in the ratio of 2 : 1. ...

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  5. Partners A, B and C share the profits of a business in the ratio of 3 ...

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  6. A and B are partners sharing profits and losses as 2 : 1. C and D are ...

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  7. A and B are partners sharing profits and losses in 3 : 2. They admit C...

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  8. A and B are partners sharing profits in the ratio of 7 : 5. C is admit...

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  9. X and Y are partners in a firm sharing profits in the ratio of 5 : 3. ...

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  10. A and B are partners sharing profits in the ratio of 3 : 2. They admit...

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  11. P, Q and R share profits in the ratio of 5 : 3 : 2. S is entitled for ...

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  12. When a new partner brings his share of goodwill in cash, the amount is...

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  13. When a new partner does not not bring his share of goodwill in cash, t...

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  14. If, at the time of admission, some profit and loss account balance app...

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  15. If at the time of admission, there is some unrecorded liability, it wi...

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  16. If the new partner brings his share of goodwill in cash, it will be sh...

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  17. A and B share profits and losses equally. They have Rs.20,000 each as ...

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  18. In the absence of an express agreement as to who will contribute to ne...

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  19. When a new partner brings goodwill in Cash, it is credited to :

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  20. If the incoming partner brings the amount of goodwill in Cash and also...

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