Question : X, Yand Zare partners sharing profits in the ratio of 2: 3: 5. Goodwill is appearing in their books at a value of Rs. 6,00,000. X retires and on the day of his retirement Goodwill is valued at Rs. 4,50,000. Yand Z decided to share future profits equally. Amount payable to X is ___________.
Option 1: 30,000
Option 2: 90,000
Option 3: 1,20,000
Option 4: None of the above
Correct Answer: None of the above
Solution : Answer = None of the above
Gaining ratio= New ratio- Old ratio $Y=\frac{1}{2}-\frac{3}{10}=\frac{5-3}{10}=\frac{2}{10} \times 4,50,000=90,000$ $Z=\frac{1}{2}-\frac{5}{10}=\frac{5-5}{10}=\frac{0}{10}$. Hence, the correct option is 4.
Question : A, B and C are sharing profits in the ratio of 3: 2: 1. Goodwill is appearing in the books at a value of Rs. 2,40,000. B retires and on the day of B's retirement Goodwill is valued at Rs. 6,00,000. A and C decided to share future profits in the ratio of 3: 2 amount payable
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 ....
Question : J, M and R are sharing profits and losses equally. R retires and the goodwill is appearing in the books at Rs. 30,000. Goodwill of the firm is valued at Rs. 1,50,000. Calculate the net amount to be credited to R's Capital A/c.
Question : X, Y and Z are partners in a firm in 3:2:1. Z is Guaranteed that he will get a minimum of Rs 20,000 as his share of Profit every year. The firm's profit was Rs 90,000 Partners will get.
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