Anita and Barun are partners sharing profits equally with capitals of Rs. 45,000 each. They admitted Chirag as a new partner for 1/3rd share in the profit. On the day of admission, profit and loss account in the balance sheet shows a debit balance of Rs 30,000. Chirag brings in Rs. 60,000 as his capital. What will be the amount of goodwill brought by Chirag?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) →
Rs 20,000