Mohan and Sohan were partners in a firm with capitals of Rs.3,00,000 and Rs.2,00,000 respectively. Aditya was admitted as a new partner 1/4 th share in the profits of the firm. Aditya brought Rs.1,20,000 for his share of goodwill premium and Rs. 2,40,000 for his capital. The amount of goodwill premium credited to Mohan will be
A. Rs.40,000
B. Rs.30,000
C. Rs.72,000
D. Rs.60,000
Answer:D
Mohan and Sohan were partners in a firm with capitals of Rs.3,00,000 and Rs.2,00,000 respectively. Aditya was admitted as a new partner 1/4 th share in the profits of the firm. Aditya brought Rs.1,20,000 for his share of goodwill premium and Rs. 2,40,000 for his capital. The amount of goodwill premium credited to Mohan will be
A. Rs.40,000 B. Rs.30,000 C. Rs.72,000 D. Rs.60,000