Question:
Piyush, Rajesh, and Avinash were partners in a firm sharing profits and losses equally. Shiva was admitted as a new partner for an equal share. Shiva brought his share of capital and premium for goodwill in cash. The premium for goodwill amount will be divided among:
Piyush, Rajesh, and Avinash were partners in a firm sharing profits and losses equally. Shiva was admitted as a new partner for an equal share. Shiva brought his share of capital and premium for goodwill in cash. The premium for goodwill amount will be divided among:
Show Hint
Goodwill is compensated to the sacrificing partners based on the proportion of their sacrificed shares.
Updated On: Jan 20, 2025
- Old partners in old ratio
- New partners in new ratio
- New partners in sacrificing ratio
- Old partners in sacrificing ratio
Hide Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
Goodwill is shared among old partners in their sacrificing ratio.
Sacrificing ratio = Old ratio - New ratio.
Since profits were shared equally, sacrificing ratio = 1 : 1 : 1.
Was this answer helpful?
0
0
Top Questions on Miscellaneous
- If the system of equations \[ x + 2y - 3z = 2 \] \[ 2x + \lambda y + 5z = 5 \] \[ 4x + 3y + \mu z = 33 \] has infinite solutions, then \( \lambda + \mu \) is equal to
- JEE Main - 2025
- Mathematics
- Miscellaneous
- If the square of the shortest distance between the lines $$ \frac{x-2}{1} = \frac{y-1}{2} = \frac{z+3}{-3} \quad \text{and} \quad \frac{x+1}{2} = \frac{y+3}{4} = \frac{z+5}{-5}, $$ is $ \frac{m}{n} $, where $m, n$ are coprime numbers, then $m+n$ is equal to:
- JEE Main - 2025
- Mathematics
- Miscellaneous
- Find the value of \[ \sin 70^\circ \left( \cot 10^\circ \cot 70^\circ - 1 \right). \]
- JEE Main - 2025
- Mathematics
- Miscellaneous
- What is the shape of the \( \text{ClO}_2^- \) ion according to VSEPR theory?
- JEE Main - 2025
- Chemistry
- Miscellaneous
- In an oxidation-reduction reaction, what happens to the oxidation state of the central atom in \( \text{MnO}_4^- \) when it is reduced to \( \text{Mn}^{2+} \)?
- JEE Main - 2025
- Chemistry
- Miscellaneous
View More Questions
Questions Asked in CBSE CLASS XII exam
The correct IUPAC name of \([ \text{Pt}(\text{NH}_3)_2\text{Cl}_2 ]^{2+} \) is:
- CBSE CLASS XII - 2025
- Coordination Compounds
- A 1 cm segment of a wire lying along the x-axis carries a current of 0.5 A along the \( +x \)-direction. A magnetic field \( \mathbf{B} = (0.4 \, \text{mT}) \hat{j + (0.6 \, \text{mT}) \hat{k} \) is switched on in the region. The force acting on the segment is:}
- CBSE CLASS XII - 2025
- Magnetic Effects of Current and Magnetism
- Using integration, find the area of the region bounded by the line \[ y = 5x + 2, \] the \( x \)-axis, and the ordinates \( x = -2 \) and \( x = 2 \).
- CBSE CLASS XII - 2025
- Evaluation of Definite Integrals by Substitution
- Two conductors A and B of the same material have their lengths in the ratio 1:2 and radii in the ratio 2:3. If they are connected in parallel across a battery, the ratio \( \frac{v_A}{v_B} \) of the drift velocities of electrons in them will be:
- CBSE CLASS XII - 2025
- Current electricity
- Arun, Bashir and Joseph were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. They admitted Daksh as a new partner who acquired his share entirely from Arun. If Arun sacrificed \( \frac{1}{5} \)th from his share to Daksh, Daksh's share in the profits of the firm will be :
- CBSE CLASS XII - 2025
- Partnership Accounts
View More Questions