Question

P and q are partners in a firm having capital of rupees 15000 each. R is admitted for 1/3rd share for which he has to 20000 for his share of capital. The amount of goodwill will be

Answer 1

Explanation:

As r is admitted for 1/3 share =

As r is admitted for 1/3 share = In this case we have to found hidden goodwill

As r is admitted for 1/3 share = In this case we have to found hidden goodwill Total. Capital of new firm = 20000 * 5/1 = 100000

As r is admitted for 1/3 share = In this case we have to found hidden goodwill Total. Capital of new firm = 20000 * 5/1 = 100000 less capital of p 15,000 + capital of q 15000 + capital of r 20000 =50,000

As r is admitted for 1/3 share = In this case we have to found hidden goodwill Total. Capital of new firm = 20000 * 5/1 = 100000 less capital of p 15,000 + capital of q 15000 + capital of r 20000 =50,000

As r is admitted for 1/3 share = In this case we have to found hidden goodwill Total. Capital of new firm = 20000 * 5/1 = 100000 less capital of p 15,000 + capital of q 15000 + capital of r 20000 =50,000 100000 - 50000= 50000 ( value of goodwill of firm)