P and Q are partners in a firm having capitals of ₹ 15,000 each. R is admitted for 1/3rd share for which he has to bring ₹ 20,000 for his share of capital. The amount of goodwill will be
P and Q are partners in a firm having capitals of ₹ 15,000 each. R is admitted for 1/3rd share for which he has to bring ₹ 20,000 for his share of capital. The amount of goodwill will be
a) ₹ 8,000
b) ₹ 10,000
c) ₹ 9,000
d) ₹ 11,000
Anurag Pathak Changed status to publish June 1, 2023
Ans – b)
Solution:-
Net Worth of the firm (Including Goodwill) = 20,000 × 3 = ₹ 60,000
Net Worth of the firm (Exluding Goodwill) = 15,000 + 15,000 + 20,000 = ₹ 50,000
Goodwill of the firm = 60,000 – 50,000 = ₹ 10,000
Anurag Pathak Changed status to publish June 1, 2023
