Partnership

Retirement/Death

Medium

Deepali, Nimisha and Sonam were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Nimisha retired and the new profit sharing ratio between Deepali and Sonam was 2 : 3, On Nimisha's retirement, the goodwill of the firm was valued at Rs. 1,20,000.

If information provided in the case study is used, the sacrifice or gain of Sonam share of goodwill will be :

Rs. 12,000 sacrifice

Rs. 24,000 gain

Rs. 36,000 sacrifice

Rs. 48,000 gain

✅ Correct Option: 4

Sonam's gain = 4/10 (from Q42).

Amount of gain in goodwill = 4/10 of 1,20,000 = 48,000 gain.

Question 41

From the above information, calculate share of Deepali's sacrifice or gain :

Question 42

From the information provided in the case study, calculate Sonam's sacrifice or gain :

Question 43

Using the information given in the case study, calculate Deepali's amount of sacrifice or gain in Goodwill.

Question 44

Using the information given in above case study, Nimisha's sacrifice of goodwill will be :

If information provided in the case study is used, the sacrifice or gain of Sonam share of goodwill will be :

Solution

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