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A and B are partners in a firm sharing profits in the ratio of 2 : 1. C is admitted as a partner. A and B surrender \(\frac{1}{2}\) of their respective share in favour of C. C is to bring his share of premium for goodwill in cash. The goodwill of the firm is estimated at ? 60,000. Credit will be given to :

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A and B are partners in a firm sharing profits in the ratio of 2 : 1. C is admitted as a partner. A and B surrender \(\frac{1}{2}\) of their respective share in favour of C. C is to bring his share of premium for goodwill in cash. The goodwill of the firm is estimated at ? 60,000. Credit will be given to :






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