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A and B are partners in …

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A and B are partners in a firm with capital of 40000 and 20000 respectively. They admit C for 1/5th share, who brings 20000. Calculate the goodwill of the firm.

    • Posted by Prachi Maithil 4 years, 2 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Shffi Mongia 4 years, 2 months ago

    Hidden Goodwill of the firm=(5/1×20,000)-(40,000+20,000)=Rs 40,000

    2Thank You

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