Rs. 400
Rs. 500
None of the above
Rs. 1,000
Answer is Right!
Answer is Wrong!
The correct answer is: C. None of the above
Explanation:
The new profit sharing ratio is 2:2:1. This means that Ram, Shyam, and Mohan will
share the profits equally.If Mohan brings in Rs. 1,000 as goodwill, then this amount will be shared equally by Ram, Shyam, and Mohan. This means that each of them will get Rs. 333.33 as goodwill.
Therefore, Shyam will get Rs. 333.33 as goodwill.
The other options are incorrect because they do not take into account the fact that the new profit sharing ratio is 2:2:1.