X and Y are two equal partners in a firm. On 1st January, 2004 they admitted Z on the condition that he will bring Rs. 10,000 as capital and Rs. 5000 as goodwill. In future they will share profits in the ratio of 2 : 1 : 2. The proportion of goodwill distribution between X and Y will be:
A. 1 : 1
B. 3 : 1
C. 1 : 3
D. 2 : 1
Answer: Option C
This Question Belongs to Commerce >> Accounting
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