p,q and r were partners in a firm sharing profit in the ratio 5:4:3. there capitals were 40000, 50000 and 100000 respectively. state the ratio in which the goodwill of the firm amounting to 120000 will be adjusted on the retirement of r.

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  • 9
P GIVE GOODWILL TO R =5/36 OF 120000=16666.67
Q GIVE GOODWILL TO R =4/36 OF 120000=13333.33
HERE, 5/36 AND 4/36 IS THE GAINING RATIO 
   RAINING RATIO =NEW RATIO - OLD RATIO
  • 7
1.A, B and, C were partners in a firm sharing profits in the ratio of 5 : 4 : 3. Their capitals were Rs 40,000, Rs 50,000 and Rs 1,00,000 respectively. State the ratio in which the goodwill of the firm amounting to Rs1,20,000 will be adjusted on the retirement of R.
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