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Accounting

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A, B and C are partners sharing profits and losses in the ratio of 3:2:1. C retires. The new profit sharing ratio of partners agreed at 2:1. The good will is valued at OMR 30,000. The value of goodwill appears in the books at OMR 12000 The gaining ratio of existing partners are: O a. 2:0 b. 2:1 c. 3:2 d. 15:9 A, B and C are partners sharing profits and losses in the ratio of 3:2:1. C retires. The new profit sharing ratio of partners agreed at 2:1. The good will is valued at OMR 30,000. The value of goodwill appears in the books at OMR 12000 The gaining ratio of existing partners are: O a. 2:0 b. 2:1 c. 3:2 O d. 15:9 A B and Care partners sharing profits and losses in the ratio of 1:1:1. Mr. A retires. The new profit sharing ratio of partners will be: O a. 1/8 O b. 1/2 O c. 1/3 O d. 1/4 ENG 10-13 A, B and Care partners sharing profits and losses in the ratio of 3:2:1. C retires. The new profit sharing ratio of partners agreed at 2:1. The good will is valued at OMR 30,000. The value of goodwill appears in the books at OMR 12000 Mr. C is entitled to get a goodwill share of: a. OMR 15000 O b. OMR 10000 O c. OMR 5000 d. OMR 6000

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