CBSE 2026 · Region 5 · Set 2 · Q16

Anchal, Prabhat and Karan were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : 1. On 31st March, $\displaystyle 2025$, Anchal retired. The balance in her capital account after making the necessary adjustments on account of reserves and revaluation of assets and reassessment of liabilities was ₹ $\displaystyle 5,10$,000. Anchal was paid ₹ $\displaystyle 5,90,000$ in full settlement of her claim. The value of goodwill of the firm on the date of Anchal's retirement was :