0 votes
209 views
in Accountancy by (98.9k points)
edited

Kalki and Kumud were partners sharing profits and losses in the ratio of 5:3. On 1st April,2021 they admitted Kaushtubh as a new partner and new ratio was decided as 3:2:1.

Goodwill of the firm was valued as ₹3,60,000. Kaushtubh couldn’t bring any amount for goodwill. Amount of goodwill share to be credited to Kalki and Kumud Account’s will be: -

(A) ₹ 37,500 and ₹22,500 respectively

(B) ₹ 30,000 and ₹30,000 respectively

(C) ₹ 36,000 and ₹24,000 respectively

(D) ₹ 45,000 and ₹15,000 respectively

1 Answer

0 votes
by (98.9k points)
selected by
 
Best answer

Correct option is (D) ₹ 45,000 and ₹15,000 respectively

Related questions

0 votes
1 answer 637 views

Doubtly is an online community for engineering students, offering:

  • Free viva questions PDFs
  • Previous year question papers (PYQs)
  • Academic doubt solutions
  • Expert-guided solutions

Get the pro version for free by logging in!

5.7k questions

5.1k answers

108 comments

557 users

...