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A and B were partner in …

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A and B were partner in a firm sharing profit and losses equally . C is admitted with 1/4 share in profit of the firm . He brings in ₹ 250000 as his share in capital . The value of Total assets of a firm is 19,40,000 and outside liability are valued at ₹ 1300,000 on that date . The amount of goodwill to be brought in by C is

Posted by Jatin Kumar 5 years, 10 months ago

CBSE > Class 12 > Accountancy

4 answers

Ayushi Chouhan 5 years, 10 months ago

Total partner = total assets - outside liabilities =1940000 - 1300000 = 640000 C = 250000 × 4/1 = 1000000 Hidden goodwill = total capital of new partner - total capital of all partners = 1000000 - 640000 = 360000 C's goodwill = 360000 × 1/4 =90000

Aarti Sharma 5 years, 10 months ago

C bring 90000 for his share of goodwill

Your Father 5 years, 10 months ago

i think 10lakh as we will do 250000*4/1

Aniket Jha 5 years, 10 months ago

160000

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