Question : X, Yand Zare partners sharing profits in the ratio of 2: 3: 5. Goodwill is appearing in their books at a value of Rs. 6,00,000. X retires and on the day of his retirement Goodwill is valued at Rs. 4,50,000. Yand Z decided to share future profits equally. Amount payable to X is ___________.
Option 1: 30,000
Option 2: 90,000
Option 3: 1,20,000
Option 4: None of the above
Correct Answer: None of the above
Solution : Answer = None of the above
Gaining ratio= New ratio- Old ratio $Y=\frac{1}{2}-\frac{3}{10}=\frac{5-3}{10}=\frac{2}{10} \times 4,50,000=90,000$ $Z=\frac{1}{2}-\frac{5}{10}=\frac{5-5}{10}=\frac{0}{10}$. Hence, the correct option is 4.
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Question :
Asha, Naveen and Shalini were partners in a firm sharing profits in the ratio of 5:3:2. Goodwill appeared in their books at a value of Rs. 80,000 and General Reserve at Rs. 40,000. Naveen decided to retire from the firm. On the date of his
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