A and B are partners in a firm and share profits and losses in the ratio of 3 : 2. C joins firm as new partner and contributes Rs. 6,000 as premium for goodwill in cash. Here, the premium for goodwill shall be shared by A and B on the basis of new profit sharing ratio, that is 5 : 3 : 2 as
A. Rs. 3,600 : Rs. 2,400
B. Rs. 3,000 : Rs. 3,000
C. Rs. 2,400 : Rs. 3,600
D. Rs. 2,000 : Rs. 4,000
Answer: Option B

Join The Discussion