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    Question

    X and Y are partners in 3:2 ratio. Z is admitted and

    brings ₹1,00,000 as capital and ₹20,000 as goodwill. Goodwill is not to be retained in books. Old partners share goodwill in their old ratio. Pass the necessary adjustment.
    A X – ₹10,000, Y – ₹10,000 Correct Answer Incorrect Answer
    B X – ₹8,000, Y – ₹12,000 Correct Answer Incorrect Answer
    C X – ₹12,000, Y – ₹8,000 Correct Answer Incorrect Answer
    D Z – ₹20,000 Correct Answer Incorrect Answer
    E No adjustment required Correct Answer Incorrect Answer

    Solution

    Goodwill paid = ₹20,000. Shared in 3:2 → X = 12,000, Y = 8,000. Not retained in books → credited to old partners’ capital accounts.

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