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P, Q and R share profits in the ratio of 5 : 3 : 2. S is entitled for \(\frac{1}{5}\)th share in profits which he acquires equally from P, Q and R. Goodwill of the firm is to be valued at three year’s purchase of last four year’s profits which are ₹50,000; ₹60,000; (-) ₹30,000 and ₹40,000. S cannot bring his share of goodwill in cash. Credit will be given to :

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P, Q and R share profits in the ratio of 5 : 3 : 2. S is entitled for \(\frac{1}{5}\)th share in profits which he acquires equally from P, Q and R. Goodwill of the firm is to be valued at three year’s purchase of last four year’s profits which are ₹50,000; ₹60,000; (-) ₹30,000 and ₹40,000. S cannot bring his share of goodwill in cash. Credit will be given to :






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