Himanshi and Nisha are partners in a firm sharing profit in the ratio of 3 : 2. Their capitals were ₹80,000 and ₹50,000 respectively. They admitted Shikha on Jan 1, 2023 as a new partner for 1/5 share in future profit. If Shikha brought ₹ 60,000 as capital, the value of goodwill of the firm will be:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → ₹1,10,000
When the value of goodwill is not given, it is inferred as hidden goodwill: the total capital the firm should have, worked out from the new partner’s capital and share, less the actual total capital of all partners.
Total capital of the new firm = ₹60,000 × 5/1 = ₹3,00,000
Actual capital = ₹80,000 + ₹50,000 + ₹60,000 = ₹1,90,000
Goodwill of the firm = ₹3,00,000 − ₹1,90,000 = ₹1,10,000
Note: ₹22,000 (₹1,10,000 × 1/5) is only Shikha’s share of the goodwill, not the goodwill of the firm.
NCERT (2026-27 edition):
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