Question

6. Deepika and Priyanka are partners in a firm with capitals of 50,000 and 30,000
respectively. They admit Kangana for 1/4th share who brings 40,000 for capital
Calculate the value of Goodwill from above informations.​

Answer 1

Answer:

Total Capital of the New Firm (40000*4). ₹

160000

₹

Less: Deepika's capital 50000

Priyanka's capital 30000

Kangana's capital. 40000 120000

Value of Goodwill of the firm 80000

Thus, Kangana's share of Goodwill = (80000*1/4) = 20000.