X and Y share profits and losses in the ratio of 2: 1. They take Z...
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X and Y share profits and losses in the ratio of 2: 1. They take Z as a partner and the new profit sharing ratio becomes 3: 2:1. Z brings Rs. 9,000 as a premium for goodwill. The full value of goodwill will be A B C D Rs.9, 000 Rs.36, 000 Rs.54, 000 Rs.48,000 X and Y share profits and losses in the ratio of 2: 1. They take Z as a partner and the new profit sharing ratio becomes 3: 2:1. Z brings Rs. 9,000 as a premium for goodwill. The full value of goodwill will be A B C D Rs.9, 000 Rs.36, 000 Rs.54, 000 Rs.48,000
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Correct option is C Z is dmitted for 16th share of good... View the full answer
Related Book For
Statistics for the Behavioral Sciences
ISBN: 978-1111830991
9th edition
Authors: Frederick J Gravetter, Larry B. Wallnau
Posted Date:
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