P and Q are partners in a firm having capitals of Rs.15,000 each. R is admitted for 1/3rd share for which he has to bring Rs. 20,000 for his share of capital. The amount of Goodwill will
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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)
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)
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