If three partners A, B & C are sharing profits as 5:3:2, then on the dealth of a partner A, how much B & C will pay to A’s executor on account of goodwill ? Good-will is to be calculated on the basis of 2 years purchase of last 3 years average profits. Profits for the last three years are 10,80,000 Rs. :
A. ₹ 2,16,000 and ₹ 1,42,000
B. ₹ 2,44,000 and ₹ 2,16,000
C. ₹ 3,60,000 and ₹ 2,16,000
D. ₹ 2,16,000 and ₹ 1,44,000
Answer:D
If three partners A, B & C are sharing profits as 5:3:2, then on the dealth of a partner A, how much B & C will pay to A’s executor on account of goodwill ? Good-will is to be calculated on the basis of 2 years purchase of last 3 years average profits. Profits for the last three years are 10,80,000 Rs. :
A. ₹ 2,16,000 and ₹ 1,42,000 B. ₹ 2,44,000 and ₹ 2,16,000 C. ₹ 3,60,000 and ₹ 2,16,000 D. ₹ 2,16,000 and ₹ 1,44,000