Aditi and Parul are partners in a firm with capitals of 35,000 each. They shared profits and losses in the ratio of 3: 1. On 1st April 2017, they admit Chanda into their partnership with 1/5th share in the profits. Chanda brings in 40,000 as her capital and her share of goodwill in cash. Her share of goodwill is calculated based on her capital contribution and her share of profits in the firm. At the time of Chanda's admission : (a) The firm had a Workmen Compensation Reserve of 60,000 against which there was a claim of 20,000. (b) Creditors of 8,000 were paid by Aditi privately for which she is not to be reimbursed.
(c) there was no change in the value of other assets and liabilities.
1. what is the value of goodwill to be contributed by Chanda?
a) 8400
b) 4000
c) 8000
d) 4200
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Answer:
8000 the answers
EXPLANATION:
NATANDAAN KO YAN
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