Jolly and Mayank are partners since last 5 years. Vinod gets 75% of the profit and Mayank gets 25%. Their capitals are fixed. They need more capital for the business so they decided to admit a new partner Yuvraj for 1/4th share. |
Yuvraj brings Rs.3,00,000 as his capital. |
He could bring only 40% of his share in cash and Furniture of Rs.16,000 for his share of goodwill. |
Goodwill of the firm was valued at Rs.2,40,000. |
The new ratio of the partners will be: |
A) 3 : 1: 1
B) 5 : 3 : 2
C) 9 : 4 : 3
D) 9 : 3 : 4
Correct Answer: D
Solution :
9 : 3 : 4You need to login to perform this action.
You will be redirected in
3 sec