Home
Class 12
ACCOUNTS
A, B and C are partners with profit shar...

A, B and C are partners with profit sharing ratio `4:3:2`. B retires and goodwill was valued Rs. 1,08,000. If A & C share profits in `5:3`, find out the godwill shared by A anc C in favour of B.

A

Rs. 22,500 and Rs. 13,500

B

Rs. 16,500 and Rs. 19, 500

C

Rs. 67,500 and Rs. 40,500

D

Rs. 19,500 and Rs. 16,500

Text Solution

Verified by Experts

The correct Answer is:
D
Promotional Banner

Topper's Solved these Questions

  • REDEMPTION OF DEBENTURES

    DK GOEL|Exercise MCQ|6 Videos
  • WRITING OFF DISCOUNT/LOSS ON ISSUE OF DEBENTURES

    DK GOEL|Exercise ILLUSTRATION 4.|1 Videos

Similar Questions

Explore conceptually related problems

A, B and C are the partner sharing profits in the ratio 3 : 2 : 1 , C retires . What will be the new profit - sharing ratio?

A, B and C partners sharing profits in the ratio of 4:3:2 decided to share profits equally. Goodwill of the firm is valued at Rs 10,800. In adjusting entry for goodwill:

A, B and C are partner sharing profits in the ratio 4 : 5 : 3 , C retires and remaining partners decide to share profit in the ratio 7 : 8 What will be the gaining ratio?

X and Y are partners in a firm sharing profits in the ratio of 5 : 3. They admitted Z as a new partner. The new profit sharing ratio will be 4 : 3 : 2. The firm's goodwill on Z's admission was valued at Rs.1,26,000. But Z could not bring any amount of goodwill in Cash. Credit will be given to :

A, B and C are partners sharing profits in the ratio of 5 : 3 : 2. It is now agreed that they will share profits in the ratio of 5 : 4 : 3. Goodwill is valued at Rs. 1 ,20,000. Pass a single journal entry for the treatment of goodwill.

DK GOEL-RETIREMENT OR DEATH OF A PARTNER-Multiple Choice Questions
  1. On 1st April, 2019 A , B and C were partners sharing profits and losse...

    Text Solution

    |

  2. B, P and L sharing profits in the ratio 4:3:2. B retires, P and L deci...

    Text Solution

    |

  3. P, Q and R were partners sharing profits in the ratio 2:2:1. Q retires...

    Text Solution

    |

  4. A, B and C are equal partners in a firm. B retires and the remaining p...

    Text Solution

    |

  5. A, B and c are partners sharing profit of loss in the ratio of 3:2:1. ...

    Text Solution

    |

  6. A, B and C are partners sharing profit or loss in the ratio of 4:3:2. ...

    Text Solution

    |

  7. A, B and C are partners sharing profit or loss in the ratio of 2:3:4. ...

    Text Solution

    |

  8. A, B and C were partners in a firm sharing profits and losses in the r...

    Text Solution

    |

  9. P, Q and R sharing profits and losses equally. R retires and the goodw...

    Text Solution

    |

  10. Ram, Krishna and Ganesh were sharing profits and losses in the ratio o...

    Text Solution

    |

  11. A, B and C are partners with profit sharing ratio 4:3:2. B retires an...

    Text Solution

    |

  12. A, B and C are sharing profits in the ratio of 3:2:1. B retires and on...

    Text Solution

    |

  13. P, Q and R share profits in the ratio of 5:4:3. R retires and the new ...

    Text Solution

    |

  14. X, Y and Z were partners in a firm sharing profits in the ratio of 3:2...

    Text Solution

    |

  15. A, B and C are partners sharing profits in the ratio of 3:4:5. B retir...

    Text Solution

    |

  16. P, Q and R were partners sharing profits in the ratio 5:3:2 respective...

    Text Solution

    |

  17. X,Y and Z are partners sharing profits in the ratio of 2:3:5. Goodwill...

    Text Solution

    |

  18. A, B and C are partners in a firm sharing profit/loss in the ratio of ...

    Text Solution

    |

  19. A, B and C were partners sharing profits and losses in the ratio of 2:...

    Text Solution

    |

  20. P, Q and R were partners sharing profits in the ratio of their Capital...

    Text Solution

    |