X and Y are partners sharing profits and losses in 3 : 1. They admitted Z in the partnership and he bring Rs. 8,000 as his share of goodwill. New profit sharing ratio between X, Y and Z is 2 : 1 : 1, goodwill will be distributed to.

X and Y Rs. 6,000 and Rs. 2,000 respectively
X and Y Rs. 4,000 each
Only X
Only Y

The correct answer is A. X and Y Rs. 6,000 and Rs. 2,000 respectively.

The total goodwill of the firm is Rs. 8,000. This is because the new profit sharing ratio is 2:1:1, and Z has brought in Rs. 8,000 as his share of goodwill.

To calculate the goodwill of each partner, we use the following formula:

Goodwill of a partner = Old profit sharing ratio * Total goodwill

For X, the goodwill is:

Goodwill of X = 3/6 * 8,000 = 6,000

For Y, the goodwill is:

Goodwill of Y = 1/6 * 8,000 = 2,000

Therefore, the goodwill will be distributed to X and Y Rs. 6,000 and Rs. 2,000 respectively.

Here is a brief explanation of each option:

  • Option A: X and Y Rs. 6,000 and Rs. 2,000 respectively. This is the correct answer.
  • Option B: X and Y Rs. 4,000 each. This is incorrect because the total goodwill is Rs. 8,000, and X and Y’s shares of goodwill are Rs. 6,000 and Rs. 2,000 respectively.
  • Option C: Only X. This is incorrect because Y also has a share in the goodwill.
  • Option D: Only Y. This is incorrect because X also has a share in the goodwill.
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