Multiple choice

X and Y are partners in a firm. Z is admitted into the firm with 2/9 share of profits. Z brings goodwill premium of Rs 7,200 in cash. X, Y and Z agree to share future profit/loss in the ratio of 4 : 3 : 2. What will be the amount of goodwill premium to be credited to Y's Capital Account?

  1. Rs. 3600

  2. Rs. 1800

  3. Rs. 5400

  4. Rs. 7200

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