a and b are equal partners with the capital of 16000 and 12000. C a new partner comes in for 1/4 share and brings capital 15000. find the value of firms goodwill
Answers
Answered by
2
Answer:
Rs 17,000
is the right answer of this question
Answered by
0
₹17000 are the correct answer of this question because
FORMULA OF GOODWILL
Goodwill = (Incoming partner's capital * Reciprocal of share of incoming partner) - Total capital after taking into consideration the capital brought in by incoming partner.
Goodwill = (15000*4/1) - (16000+12000+15000)
Goodwill = 60000 - 43000
Goodwill = 17000
Similar questions