TAX ADVISORY
                
                   28 Points
                   Joined January 2009
                
               
			  
			  
             
            
             
    
        
            | Originally posted by :adula..... | 
        
        
            | " | 
            1. A, B and C are partners with profits sharing ratio 4:3:2.  B retires and goodwill Rs. 10800 shown in books of account. If A and C shares profits of B in 5:3, then find the new profit sharing ratio 
              
            a. 13:11  
            b. 17:11 
            c. 31:11 
            d. 14:21 
              
            2. A, B and C are partners with profits sharing ratio 4:3:2.  B retires and goodwill Rs. 10800 shown in books of account. If A and C shares profits of B in 5:3, then find the value of  goodwill shared between A and C 
            a. Rs. 1850 and Rs. 1950 
            b. Rs. 1650 and Rs. 1750 
            c. Rs. 2000 and 1600 
            d. Rs. 1950 and 1650 
              
            Answer given 
            1. a 
            2 .  
            It is given in inst materialpg 8.93 and sum num 2 
              | 
            " | 
        
    
old profit sharing ratio is 4/9,3/9,2/9
 
and new profit sharing ratio is 5/8 : 3/8
sacrifying ratio=new ratio -old ratio
5/8-4/9=13/72 And 3/8-2/9=11/72 hence ratio =13:11 therefor option "a" is correct