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Question
A, B and C are partners sharing profits in the ratio of 2:2:1. On retirement of B, goodwill of the firm was valued as ₹ 30,000. Find the contribution of A and C to compensate B:
Options
₹ 20,000 and ₹ 10,000
₹ 8,000 and ₹ 4,000
₹ 10,000 and ₹ 20,000
₹ 15,000 and ₹ 15,000
Solution
₹ 8,000 and ₹ 4,000
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| Liabilities | ₹ | Assets | ₹ | |
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