question_answer

X, Y and Z are partners, sharing profits 2:1:1. On 1st April 2021, they admitted M as a new partner. New profit sharing ratio decided 1:2:1:1. B has gained 3/20th share, so his capital account was debited with Rs. 18,000. How much premium for goodwill brought in by M?

A) 20,000

B) 22,000

C) 24,000

D) 30,000