Hemant and Naman are partners in a firm sharing profits in the ratio of 3:2. Their capitals were ₹80,000 and ₹50,000 respectively. They admitted Samrat on Jan 1, 2025 as a new partner for 1/5 share in the future profits. Samrat brought ₹60,000 as his capital. Calculate the value of goodwill of the firm?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Rs. 1,10,000
This is hidden goodwill: the value of goodwill is not given, so it is inferred from the new partner’s capital. His capital for his share shows what the whole firm is worth; the excess of that over the partners’ actual capitals is goodwill.
Total capital of the firm on the basis of Samrat’s share = Rs. 60,000 × 5/1 = Rs. 3,00,000
Actual capitals = Rs. 80,000 + Rs. 50,000 + Rs. 60,000 = Rs. 1,90,000
Goodwill of the firm = Rs. 3,00,000 − Rs. 1,90,000 = Rs. 1,10,000
Leaving Samrat’s own Rs. 60,000 out of the actual capitals gives Rs. 1,70,000, a figure that is not among the options but is a common slip.
NCERT (2026-27 edition):
NCERT (2026-27 edition):
|
