The capital of A and B are Rs. 50,000 and Rs. 40,000. To Increase th – InterviewSolution

1.	The capital of A and B are Rs. 50,000 and Rs. 40,000. To Increase the Capital base of the firm to Rs. 1, 50,000, they admit C to join the firm; C is required to Pay a sum of Rs. 70,000, what is the amount of premium of goodwill?
Answer» The total capital of the firm is Rs. 90,000. To increase the capital base to Rs. 1,50,000, C is to bring in Rs. 60,000 (Rs. 1,50,000 - 9,00,00) But he bring in Rs. 70,000. Therefore, the excess of Rs. 10,000 represent premium for goodwill.

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