Surya and Star are partners in a firm sharing profits in the ratio of 3 : 2. Their Capitals were ₹2,40,000 and ₹1,50,000 respectively. They admitted Moon on April 01, 2022 as a new partner for 1/6 share in future profit. Moon brought ₹1,80,000 as his Capital. Calculate Moon's share of Goodwill.

₹85,000

The correct answer is option (4) : ₹85,000.

Moon's share = 1/6th
Capital brought by him = ₹1,80,000

Capital of the firm on basis of Moon's share = 1,80,000 x 6/1
                                                               = 10,80,000

Actual capital of the firm = 2,40,000 + 1,50,000 + 1,80,000
                                    = ₹5,70,000

Hidden goodwill of the firm = 10,80,000 - 5,70,000
                                       = ₹5,10,000

Share of Moon's in goodwill = 5,10,000 x 1/6
                                        = ₹85,000