A and B are partners sharing profits equally with capitals of ₹45,000 each. They admitted C as a new partner for 1/3rd share in the profit. C bring ₹ 60,000 as his capital. Find the goodwill of the firm.
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Rs. 30,000
When goodwill is not given, it is inferred from what the new partner brings for his share. His capital tells us what the whole firm’s capital ought to be; the gap between that and the capital actually there is hidden goodwill.
Total capital implied by C’s share = Rs. 60,000 × 3/1 = Rs. 1,80,000
Actual capital of A, B and C = Rs. 45,000 + Rs. 45,000 + Rs. 60,000 = Rs. 1,50,000
Goodwill of the firm = Rs. 1,80,000 − Rs. 1,50,000 = Rs. 30,000
Rs. 1,80,000 is only the implied total capital and Rs. 1,50,000 the actual one; neither is the goodwill.
NCERT (2026-27 edition): |