A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. On retirement of B, goodwill was valued at Rs 30,000. Find the contribution of A and C to compensate B :
A. Rs 20,000 and Rs 10,000
B. Rs 8,000 and Rs 4,000
C. Rs 20,000 and Rs 8,000
D. Rs 15,000 and Rs 15,000
Answer:B
A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. On retirement of B, goodwill was valued at Rs 30,000. Find the contribution of A and C to compensate B :
A. Rs 20,000 and Rs 10,000 B. Rs 8,000 and Rs 4,000 C. Rs 20,000 and Rs 8,000 D. Rs 15,000 and Rs 15,000