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
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.