Question

Navdeep and Sandeep are partners in a firm with capital of Rs.20,000 and Rs. 40,000 respectively. Profit for FY 21 are Rs. 60,000. Who will get how much share ?​

Answer 1

Answer:

Actual capital of the firm after C's admission = Capital of (A + B + C) = Rs. (20000 + 40000 + 24000)

    = Rs. 84000

capitalized value of the firm on the basis of C's share = (24000 * 4) / 1

                                                                                           = 96000

Goodwill = Capitalized value of the firm - Actual capital of the firm

     = Rs. (96000 - 84000 )

      = Rs. 12000

Explanation:

hope it helps uh