Question

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 be

Answer 1

Answer:

goodwill = capital of R × reciprocal of his share

= 20,000×3/1 = 60,000

60,000 - (15,000+15,000+20,000) = 10,000

the goodwill of the firm is ₹10, 000

Answer 2

Answer:

The correct answer of this question is $10,000$

Explanation:

Given - 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 .

To Find - Write the amount of goodwill will be .

Goodwill = capital of R × reciprocal of his share

=$20,000$ × $\frac{3}{1}$ = $60,000$

$60,000$ $-$$( 15,000 + 15,000 + 20,000 )$ $= 10,000$

The amount of goodwill of the firm is Rs. $10, 000$

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