Ram and Shyam are sharing profits in the ratio 3 : 2. They admit Mohan in the partnership and their new profit sharing ratio becomes 2 : 2 : 1. If Mohan brings `1,000 as goodwill then Shyam will get.

Rs. 400
Rs. 500
None of the above
Rs. 1,000

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.

Exit mobile version