InterviewSolution
Saved Bookmarks
| 1. |
A and B are partners in a firm with capital of ₹ 60,000 and ₹ 1,20,000 respectively. They decide to admit C into the partnership for 1/4th share in the future profits. C is to bring in a sum of ₹ 70,000 as his capital. Calculate amount of goodwill. |
|
Answer» n:Actual Capital of the FIRM after ADMISSION of C = A's Capital + B's Capital + CS Capital = 60,000 + 1,20,000 + 70,000 = 2,50,000 Capitalised value of the firm on the basis of Cs share= 70,000 x = 2, 80, 000Goodwill = Capitalised value of the firm - Actual Capital of the firm = 2, 80,000 - 2, 50, 000 = 30,000 |
|