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.
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → ₹85,000
Goodwill is hidden here: it is inferred from Moon’s capital and share.
Total capital of the new firm on Moon’s basis = ₹1,80,000 × 6/1 = ₹10,80,000
Actual capital of all partners = ₹2,40,000 + ₹1,50,000 + ₹1,80,000 = ₹5,70,000
Goodwill of the firm = ₹10,80,000 − ₹5,70,000 = ₹5,10,000
Moon’s share of goodwill = ₹5,10,000 × 1/6 = ₹85,000
NCERT (2026-27 edition):
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