Question

Aditya and Shiv were partners in a firm with capitals of Rs.3,00,000 and Rs.2 00,000, respectively. Naina was admitted as a new partner for ¼ th share in the profits of the firm. Naina brought Rs. 1,20,000 for her share of goodwill premium and Rs. 2,40,000 for her capital. The amount of goodwill premium credited to Aditya will be:(A) Rs. 40,000 (C) Rs. 72,000(B) Rs. 30,000 (D) Rs. 60,000​

Answer 1

Goodwill will be share as per their capital ratio:

Aditya Shiva

300000 : 200000

3 : 2

3:2 is capital ratio of Aditya and Shiva

Naina goodwill is 120000

So, 120000×3/5=72000

Therefore goodwill premium credited to Aditya will be 72000.

Answer 2

The amount of goodwill premium credited to Aditya will be (C) Rs. 72,000

Explanation:

• When a buyer buys an existing firm, they get goodwill, which is an intangible asset.
• Goodwill is a term used to describe assets that are not easily identified. ​

Solution:

Step 1: Calculating Aditya's and Shiv's goodwill.

• Goodwill will be distributed in accordance with their capital ratio: ​

∴ $\frac{300000}{200000}=3:2$

Step 2: Calculating Naina's goodwill to Aditya.

Naina's goodwill is given to be Rs. 120000

So, $120000\times\frac{3}{5}=72000$

Hence, Naina will pay Rs. 72000 as her part of goodwill to Aditya.