A and B are partners sharing profits in the firm in the ratio of 2 : 3. Goodwill appears in the books of firm at Rs. 10,000. C joins the firm for $$\frac{1}{5}$$ share of profits. His share of Goodwill is estimated to be Rs. 15,000. The old partner's account will be credited with Goodwill by
A. Rs. 50,000
B. Rs. 40,000
C. Rs. 75,000
D. Rs. 65,000
Answer: Option D
This Question Belongs to Commerce >> Accounting
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