Aman and Vimal are partners in a firm sharing profits and losses in the ratio of 3:2. They admitted Kamal into partnership for 1/4 share in profits. Kamal brings in Rs. 50,000 for capital and the requisite amount of premium in cash. The goodwill of the firm is valued at Rs. 30,000. The new profit sharing ratio is 2:1:1. The premium brought in by Kamal will be shared between Aman and Vimal in following.
Aman's share Rs. 12,000 and Vimal's share Rs. 18,000
Aman's share Rs. 3,000 and Vimal's share Rs. 4,500
Aman's share Rs. 4,500 and Vimal's share Rs. 3,000
Aman's share Rs. 3,500 and Vimal's share Rs. 3,000

Question

Aman and Vimal are partners in a firm sharing profits and losses in the ratio of 3:2. They admitted Kamal into partnership for 1/4 share in profits. Kamal brings in Rs. 50,000 for capital and the requisite amount of premium in cash. The goodwill of the firm is valued at Rs. 30,000. The new profit sharing ratio is 2:1:1. The premium brought in by Kamal will be shared between Aman and Vimal in following.

Aman's share Rs. 12,000 and Vimal's share Rs. 18,000

Aman's share Rs. 3,000 and Vimal's share Rs. 4,500

Aman's share Rs. 4,500 and Vimal's share Rs. 3,000

Aman's share Rs. 3,500 and Vimal's share Rs. 3,000

Accepted Answer

Aman's share Rs. 3,000 and Vimal's share Rs. 4,500

Answer

Aman's share Rs. 12,000 and Vimal's share Rs. 18,000

Answer

Aman's share Rs. 4,500 and Vimal's share Rs. 3,000

Answer

Aman's share Rs. 3,500 and Vimal's share Rs. 3,000

List-I	List-II
(A) Intangible Asset	(I) Goodwill Valuation Method
(B) Nature of Business	(II) Characteristic of Goodwill
(C) Super Profit	(III) Factor affecting value of Goodwill
(D) Self-generated	(IV) Type of Goodwill