a and b are partners in the form . c is admitted 1/4th share of profit. he bought 200000 as capital and 40000 as good will. the the total value of good will will be ?
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Answered by
3
Answer:
Explanation:
sacrificing ratio =1:1
Answered by
2
Answer:
Calculation of goodwill:
D's contribution of Rs. 5000 consists of only half of 1/4 of goodwill
Therefore, total goodwill of firm should be Rs. 5000 * (4/1) * 2 = Rs.40000
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