Question

adjustment for goodwill in admission of a partner when old ratio od a and b is 2:1. c brings rs 100000 as his capital and rs 60000 as his share of goodwill for 1/4 share in profit.​

Answer 1

Explanation:

Valuation and adjustment of goodwill;. 4. ... When new partner is admitted he acquires his share in profits from the old ..... the value of goodwill will be Rs. 60,000 (Rs. 20,000 × 3),.