Practicing Success
A & B are partners sharing profits in ratio of 1:2. Their fixed capitals were ₹2,00,000 & ₹3,00,000 respectively. C was admitted with 1/4th share and brought ₹2,00,000 for his capital which was also kept fixed. C acquired his share of profit from B. |
Calculate goodwill of the firm? |
₹25,000 ₹50,000 ₹2,00,000 ₹1,00,000 |
₹1,00,000 |
The correct answer is option 4- ₹1,00,000. Total capital of firm = ₹7,00,000 So, goodwill of firm = 8,00,000-7,00,000 |