Question

Vinay and naman are partners sharing profits in ratio of 4:1.There capital were 90000 nd 70000rs respectively.they admitted pratik 1/3 share in the profit.pratik bought rs100000as his capital.calculate the Goodwill of firm

Answer 1

Answer:

Goodwill of firm is 1,84,000

Explanation:

Total firm capital = 1,00,000×3/1

= 3,00,000

less- total capital of all partners= (1,16,000)

(90,000+70,000+ 1,00,000)

Hidden Goodwill = 1,84,000