X and Y are partners Sharing profits in the ratio of 3 : 1. They admit Z as a partner who pays Rs. 4,000 as Goodwill. If the new profit sharing ratio is 2 : 1 : 1 among X, Y and Z respectively, the Goodwill amount will be credited to:

A. Cost and income for managers B. Company's tax liability for a particular year C. Financial conditions of an institutions D. All of the above

A. Current assets B. Fixed assets C. Intangible assets D. Investments

A. Current assets B. Fixed assets C. Intangible assets D. Investments

A. Current assets B. Fixed assets C. Intangible assets D. Investments