A, B and C are partners sharing profits and losses in the ratio of 3 :2:1. C retires on a decided date and Goodwill of the firm is to be valued at Rs. 30,000. Find the amount payable to retiring partner on account of goodwill :

R s .15, 000

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R s .10, 000

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R s .5, 000

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R s .30, 000

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Solution

The correct option is B $R s .5, 000$
Profit sharing ratio of A, B and C = 3 : 2 : 1
Total goodwill of the firm = Rs. 30000
C's share of goodwill = Rs. 30000 * (1/6) = Rs 5000
Therfore, amount payable to retiring partner on account of goodwill is Rs. 5000

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A, B and C are partners sharing profits and losses in the ratio of 3 :2:1. C retires on a decided date and Goodwill of the firm is to be valued at Rs. 30,000. Find the amount payable to retiring partner on account of goodwill :

The correct option is B Rs.5,000Profit sharing ratio of A, B and C = 3 : 2 : 1Total goodwill of the firm = Rs. 30000C's share of goodwill = Rs. 30000 * (1/6) = Rs 5000Therfore, amount payable to retiring partner on account of goodwill is Rs. 5000

The correct option is B $R s .5, 000$
Profit sharing ratio of A, B and C = 3 : 2 : 1
Total goodwill of the firm = Rs. 30000
C's share of goodwill = Rs. 30000 * (1/6) = Rs 5000
Therfore, amount payable to retiring partner on account of goodwill is Rs. 5000