Question:
Piyush, Rajesh, and Avinash were partners in a firm sharing profits and losses equally. Shiva was admitted as a new partner for an equal share. Shiva brought his share of capital and premium for goodwill in cash. The premium for goodwill amount will be divided among:
Piyush, Rajesh, and Avinash were partners in a firm sharing profits and losses equally. Shiva was admitted as a new partner for an equal share. Shiva brought his share of capital and premium for goodwill in cash. The premium for goodwill amount will be divided among:
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Goodwill is compensated to the sacrificing partners based on the proportion of their sacrificed shares.
Updated On: Jan 13, 2026
- Old partners in old ratio
- New partners in new ratio
- New partners in sacrificing ratio
- Old partners in sacrificing ratio
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The Correct Option is D
Solution and Explanation
Goodwill is shared among old partners in their sacrificing ratio.
Sacrificing ratio = Old ratio - New ratio.
Since profits were shared equally, sacrificing ratio = 1 : 1 : 1.
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