A, B. and C are partners in a firm sharing profits in the ratio of 3:2:1 B retires. The goodwill of the firm is valued at Rs. 60,000 and the remaining partners A and C continue to share profits in the ratio of 3:1. By what amount will the capital account of B will be credited =

None of the above

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Rs 20,000 & Rs 10,000

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It shall not be debited

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Rs 15,000 & Rs 5,000

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Solution

The correct option is D
Rs 15,000 & Rs 5,000

B's share of goodwill will be credited to his capital account = 2/6 * 60,000 = 20,000

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A, B. and C are partners in a firm sharing profits in the ratio of 3:2:1 B retires. The goodwill of the firm is valued at Rs. 60,000 and the remaining partners A and C continue to share profits in the ratio of 3:1. By what amount will the capital account of B will be credited =

The correct option is D Rs 15,000 & Rs 5,000 B's share of goodwill will be credited to his capital account = 2/6 * 60,000 = 20,000

The correct option is D
Rs 15,000 & Rs 5,000

B's share of goodwill will be credited to his capital account = 2/6 * 60,000 = 20,000