Question : Y, V and K are partners sharing profits and losses in the ratio of 2: 2: I. V died, and at that time goodwill of the firm was valued at Rs. 30,000. The contribution to be made by Y and K, I in order to pay off V is __________and ___________ respectively.
Option 1: Rs 4,000 and Rs 8,000
Option 2: Rs 8,000 and Rs 4,000
Option 3: Rs 10,000 and Rs 5,000
Option 4: None of the above
Answer (1)
27th Jan, 2024
Correct Answer: Rs 8,000 and Rs 4,000
Solution :
Answer =
Rs 8000 and Rs 4000
V's share of good will= $30,000 \times \frac{2}{5}$= 12,000
Y's capital a/c Dr 8,000[$12,000 \times \frac{2}{3}$]
K's capital a/c Dr 4,000
To V's capital a/c 12,000
(G.Ratio= 2:1)
Hence, the correct option is 2.
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