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P, Q and R were partners in a firm sharing profits in the ratio of 5: 4: 3 respectively. Their capitals were Rs. 50.000. Rs. 40.000 and Rs. 30,000 respectively. Slate the ratio in which the goodwill of the Firm, amounting to Rs. 6,00,000. Will be adjusted in the capital accounts of the remaining partners on the retirement of Q.

SOLUTION

On the retirement of Q goodwill of the firm amounting to Rs. 6.00 000 will be adjusted in the capital accounts of the continuing partners in their gaining-ratio ratio i.e., 5: 3.







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