Human Resources Accounting
Quick practice
Question 1 of 5
A and B are partners sharing profits in the ratio of 3 : 2.
Their capitals are Rs. 60,000 and Rs. 40,000 respectively.
C is admitted as a new partner for 1/5th share of profits and brings Rs. 30,000 as capital.
Calculate the goodwill of the firm at the time of admission of C.
Choose the correct answer from the options given below:
A
Rs. 25,000
B
Rs. 30,000
C
Rs. 20,000
D
Rs. 50,000
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