Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Accounting and Auditing Basic accounting principles Partnership Accounts
X and Y share profits and losses in the ratio of 2: 1. They take Z as a partner and the new profit-sharing ratio becomes 3: 2: 1. Z brings Rs. 4,500 as a premium for goodwill. What will be the value of the firm’s goodwill?
1
Rs. 4,500
2
Rs. 18,000
3
Rs. 27,000
4
Rs. 24,000