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Question : P, Q and R are three partners sharing profits in the ratio of 3: 2: 1. Goodwill appears in the Balance Sheet at a value of Rs. 60,000. Q retires. P and R decided to share future profits in the ratio of 3: 2, amount payable to Q will be ....

Option 1: Rs.12,000

Option 2: Rs.6,000

Option 3: Rs.18,000

Option 4: Rs.13,333


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Rs.12,000


Solution : Q's share = 2/6
Q's share of goodwill = Rs.60,000 X 2/6 = Rs.12,000.
Hence, the correct option is 1.

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