A and B are partners in a firm and share profits and losses in the ratio of 3 : 2. C joins firm as new partner and contributes Rs. 6,000 as premium for goodwill in cash. Here, the premium for goodwill shall be shared by A and B on the basis of new profit sharing ratio, that is 5 : 3 : 2 as

Rs. 3,600 : Rs. 2,400
Rs. 3,000 : Rs. 3,000
Rs. 2,400 : Rs. 3,600
Rs. 2,000 : Rs. 4,000

The correct answer is A. Rs. 3,600 : Rs. 2,400.

The new profit sharing ratio is 5 : 3 : 2. This means that A and B will now share profits and losses in the ratio of 5 : 3, respectively.

The premium for goodwill is Rs. 6,000. This amount must be shared by all the partners in the new profit sharing ratio.

Therefore, A’s share of the premium for goodwill is 5/10 * 6000 = Rs. 3,000.

B’s share of the premium for goodwill is 3/10 * 6000 = Rs. 2,400.

Therefore, A and B will share the premium for goodwill in the ratio of Rs. 3,600 : Rs. 2,400.

Here is a brief explanation of each option:

  • Option A: Rs. 3,600 : Rs. 2,400. This is the correct answer.
  • Option B: Rs. 3,000 : Rs. 3,000. This is not the correct answer because it does not take into account the new profit sharing ratio.
  • Option C: Rs. 2,400 : Rs. 3,600. This is not the correct answer because it does not take into account the new profit sharing ratio.
  • Option D: Rs. 2,000 : Rs. 4,000. This is not the correct answer because it does not take into account the new profit sharing ratio.
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