A, B and C are partners sharing profits in 5 : 3 : 2. C retires and his share was purchased by A and B by giving him (C) ₹ 10,000 each from their Capital A/cs. What will be the value of the goodwill of the firm?

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KollegeApply · Accepted Answer

₹ 1,00,000 Explanation: Total profit-sharing ratio = 5 : 3 : 2 C’s share of Goodwill = $\frac{2}{10}$ Amount paid to C = 10,000 + 10,000 = 20,000 = $\frac{2}{10}$xxX=20,000 X = (20,000xx10)/2 X = ₹ 1,00,000

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