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What is formula of hidden goodwill

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What is formula of hidden goodwill

    • Posted by Vishal Arora 7 years, 6 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Abhi Rana 4 years, 1 month ago

    capital of all partner [old+new] [minus] p nd l [minus] revaluation [minus]

    0Thank You

    Yas S 7 years, 6 months ago

    Ttl capital of the firm less add all capitals of the partners then it will be ur firms capital and then find out the share of partner

    0Thank You

    ANSWER
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    Ativ, Meha and Nupur were partners in a firm sharing profits and losses in the ratio of 5 : 3:2. On 31-03-2016 their Balance sheet was as under: Liabilities Amount (T) Assets Amount (R) | Trade Creditors 26,500 Bank 23.500 Debtors 1,00,000 Stock 50,000 Fixed Assets 40,000 Advertisement Expenditure 25,000 Employees Provident Fund Ativ's Capital Meha's Capital 30,000 55,000 1,20,000 Nupur's Capital 10,000 2,40,000 2,40,000 Ativ retired on 1-4-2016. For this purpose, the following adjustments were agreed upon: (i) Goodwill of the firm was to be valued at 2 years purchase of the average profits of 3 completed years preceding the date of retirement. The profit for previous years were: 2013-14 55,000; 2014-15 7 65,000; 2015-16 7 60,000.

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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    • Posted by Palak Sharma 11 months ago

    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    • Posted by Palak Kumari 10 months, 3 weeks ago

    CBSE > Class 12 > Accountancy
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