Question

Neeraj & Gopi are partners with Rs.5,00,000 capital each. They admitted champak for 1/4th share with Rs.8,00,000 capital. The P & L A/c credit balance is Rs.4,00,000. Find the amount of hidden goodwill
a)Rs.10,00,000
b)Rs.12,00,000
c)Rs.8,00,000
d)Rs.16,00,000

Answer 1

option A is the correct