Home › CBSE Class 12 (Commerce) › Accountancy › Accounting for Partnership Firms: Change in Profit-Sharing Ratio and Admission of a Partner › Sachin pays Rs. 4,000 goodwill (Sunil 5/8, Dalip…
Sachin pays Rs. 4,000 goodwill (Sunil 5/8, Dalip 3/8). If half is withdrawn, Sunil leaves what in business?
ARs. 2,500
BRs. 1,250
CRs. 750
DRs. 1,500
Answer & Solution
Correct answer: B. Rs. 1,250
Sunil is credited 2,500 and withdraws half of it, so 1,250 stays in his capital account.
Related questions
Giri and Shanta share equally. Kachroo pays Rs. 20,000 goodwill for 1/5, old-ratio sacrifiAverage profit Rs. 90,000, capital Rs. 8,00,000, normal rate 10%. Goodwill at 4 years' supProfits were 16,000; 20,000; 24,000; 32,000 on capital Rs. 1,00,000 at 18%. Goodwill at 3 Two equal partners admit C and the ratio becomes 2:1:2. Their sacrificing ratio?A and B share 2:1; with C the ratio becomes 3:2:1. Who sacrifices?Two equal partners admit C for 1/3, taken equally from both. New ratio?AS 26 defines an intangible asset as identifiable and what else?Purchased goodwill kept in books should be written off over at most how long?