Question

A and N are partner's sharing profits in the ratio 2:1 K was admitted for 1/4th share of which 1/8 was gifted by A the remaining was contributed by N. Goodwill of firm is valued at 40000 how much amt for goodwill will be credited to N ' s capital account?

Answer 1

Answer:

Explanation:

asha surrenders = 1/8

kashish share = 1/4

share given by nisha Or remaining share = 1/4-1/8

nisha surrender = 1/8

nisha share of goodwill is = 40000*1/8

= 5000

Answer 2

Explanation:

please see the attachment