Question : A, B, C and D are partners sharing profits in the ratio of 3: 4: 3: 2, On the retirement of C, the goodwill was valued at Rs. 6,00,000. A, B and D decided to share future profits equally. C's capital account will be ....
Option 1: Debited by 1,50,000
Option 2: Credited by Rs 1,50,000
Option 3: Debited by Rs 6,00,000
Option 4: Credited by Rs 6,00,000
Answer (1)
17th Jan, 2024
Correct Answer: Credited by Rs 1,50,000
Solution :
Answer =
credited by Rs 1,50,000
Total goodwill= 6,00,000
C's Share= $600,000 \times \frac{3}{12}$= 50,000×3= 1,50,000.
Hence, the correct option is 2.
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