Home › CBSE Class 12 (Commerce) › Accountancy › Accounting for Partnership Firms: Retirement and Death of a Partner › Four-year profits Rs. 13,000, 12,000, 20,000, 15…
Four-year profits Rs. 13,000, 12,000, 20,000, 15,000; goodwill 2.5 years' purchase of average. Half share?
ARs. 18,750
BRs. 37,500
CRs. 15,000
DRs. 7,500
Answer & Solution
Correct answer: A. Rs. 18,750
Average profit is Rs. 15,000, goodwill is 2.5 times that, Rs. 37,500, and half of it is Rs. 18,750.
Related questions
Hanny, Pammy, Sunny share 3:2:1; goodwill Rs. 84,000. Pammy's share?Hanny, Pammy, Sunny share 3:2:1; Pammy exits; new 2:1. Gaining ratio?A retiring partner's share of accumulated losses is treated how?Retiring partner's revaluation loss share: effect on sum due?Which is added to a deceased partner's dues?How is a continuing partner's new share worked out?What is the new profit sharing ratio after a retirement?What is the ratio in which continuing partners acquire a retiring partner's share called?