question_answer

Atul and Neera were partners in a firm sharing profits in the ratio of 3 : 2. They admitted Mitali as a new partner. Goodwill of the firm was valued at Rs. 2,00,000. Mitali brings her share of goodwill premium of Rs. 20,000 in cash, which is entirely credited to Atul's Capital Account. New profit sharing ratio:

A) 5:4:3

B) 5:4:2

C) 5:4:4    

D) 5:4:1