A and B are Partners in the ratio of 1:2 . They admitted Z for 1/4 share whose contribution was 50,000 towards goodwill. What is the value of firm?

Question

a)75,000

b)200,000

c)150,000

d)85.000

Dalpat Mehta · Answer

b)200,000.

Goodwill for1/4 share is50,000 so for the firm value of goodwill will be200000.

Deleted user · Answer

If1/4 =50000, then Value of the firm is50000*4=200,000

lakshminarasimham mallareddi · Answer

Correct answer is B)200,000 will be the value of the Firm.1/4th Share of the Goodwill will be50,000

Gayasuddin Mohammed · Answer

b)200,000

After new partner, shares of individuals ratio a,b,z will be in ratio of1:2:1