| Sun and Star were partners in a firm sharing profits in the ratio of 2 : 1. Moon was admitted as a new partner in the firm. New profit sharing ratio was 3 : 3 : 2. Moon brought the following assets towards his share of goodwill and his capital; |
| Machinery.................................................................................2,00,000 |
| Furniture...................................................................................1,20,000 |
| Stock..........................................................................................80,000 |
| Cash...........................................................................................50,000. |
| If his capital is considered as Rs. 3,80,000, the goodwill of the firm will be: |
A) 70,000
B) 2,80,000
C) 4,50,000
D) 1,40,000
Correct Answer: B
Solution :
2,80,000
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