question_answer

Match the followings: X and Y are partners sharing profit in the ratio of 3:2 with a capital of Rs. 2,00,000 each. They admitted Z as a new partner and new profit sharing ratio between X, Y and Z decided 2:2:1. Z has paid Rs. 1,20,000 for his capital and Rs. 60,000 as premium for goodwill. Find out the capital balance of each partner:

1.	Goodwill brought by Z is retained in the business	(A)	X = 2,30,000
			Y = 1,82,000
			Z = 1,20,000
2.	30% of the premium for goodwill withdrawn by sacrificing partner	(B)	X = 2,18,000
			Y = 2,00,000
			Z = 1,20,000
3.	Goodwill already appeared in the books amounting to Rs. 50	(C)	X = 2,60,000
			Y = 2,00,000
			Z = 1,20,000
4.	70% of the premium for goodwill withdrawn by sacrificing partners	(D)	X = 2,42,000
			Y = 2,00,000
			Z = 1,20,000

 

A) 1-[B]; 2-[C]; 3-[D]; 4-[A]

B) 1-[B]; 2-[C]; 3-[A]; 4-[D]

C) 1-[C]; 2-[A]; 3-[D]; 4-[B]

D) 1-[C]; 2-[D]; 3-[A]; 4-[B]