Question :
A, B and C were partners in a firm sharing profits in the ratio of 6:5:4.Their capitals were A—Rs. 1,00,000; B—Rs. 80,000 and C—Rs. 60,000 respectively. On 1st April, 2009, A retired from the firm and the new profit-sharing ratio between B and C was decided as 1:4.0n A's retirement, the goodwill of the firm was valued at Rs. 1,80,000. Balance of General reserve Rs. 60,000 and profit and loss debit balance Rs. 30,000. Amount payable to A will be
Option 1: Rs 1,84,000
Option 2: Rs 1,96,000
Option 3: Rs 1,00,000
Option 4: None of the above
Correct Answer: Rs 1,84,000
Solution : Answer = Rs 1,84,000
A's Capital A/c
To Profit and loss (30,000 x 6/15) |
12000 | By Bal. B/D | 1,00,000 |
To A's Loan A/c | 1,84,000 |
By Reserve (60,000 x 6/15) |
24000 |
By Goodwill (1,80,000 x 6/15) | 72000 | ||
1,96,000 | 1,96,000 |
Hence, the correct option is 1.