Question

and b are equal partners in a firm . they admit c as a new partner for 1/4th share in profit. c contributes stock rs. 40,000, plant rs. 50, 000, and cash rs. 1,20,000 towards his capital and goodwill. goodwill of the firm on that date was valued rs. 2,00,000. calculate c’s share of and capital contributed by him​

Answer 1

Answer:

40,000+50,000+1,20,000+2,00,000=4,10,000