CUET Accountancy 2023 20 June Shift 2 PYQs

Rohit and Mohit are partners in a firm sharing profits in the ratio of 5:3. They admit Bijoy as a new partner for 1/7th share in the profits. The new profit sharing ratio will be 4:2:1. The sacrificing ratio of Rohit and Mohit is-

Goodwill is -

What are the main factors affecting the value of goodwill?

(A) Nature of business

(B) Location

(C) Efficiency of management

(D) Market situation

Choose the correct answer from the options given below: