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# Hidden goodwill

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 intermediate(ipc)course no [ Scorecard : 1446] Posted On 08 June 2012 at 17:40 dheeraj & gopal are partners in a firm with capitals of 500000/- each. they admit deepak as a partner with 1/4 th share in the profits of firm. deepak brought 800000/- as his share of capital.the total capital of firm after deepak's admission will be 2000000/-.the amount of hidden goodwill brought by deepak will be ans. is 300000/- but i cannot solve pl solve this sum with step by step. Vibhor Nanda CA student [ Scorecard : 59] Posted On 08 June 2012 at 17:46 Umm.. Vibhor Nanda CA student [ Scorecard : 59] Posted On 08 June 2012 at 17:48 Thinking.. Thinkinggg :P Vibhor Nanda CA student [ Scorecard : 59] Posted On 08 June 2012 at 17:55 Actual way is.. Like see this question A & B are partners with capitals of Rs. 10,000 and Rs. 20,000.. And sharung profits equally. They admit C as their third partner with 1/4th share of profits of firm on payment of Rs.12,000. The amount of hidden goodwill is_______ Solution= Total capital of firm will be 12,000 x 4/1 =48,000 Capital brought--10,000+20,000+12,000=42,000 Hidden goodwill will be -- 48,000-42,000=6,000 I think the question you gave is wrong as the answer can't be 3,00,000 at any cost prasad CA Final Bcom(Taxation) Sr Audit Team Leader [ Scorecard : 71] Posted On 08 June 2012 at 17:56 Total capital after admission 2000000 1/4 share 500000 Capital brought 800000 hidden goodwill (8-2) 300000 Total thanks : 1 times prasad CA Final Bcom(Taxation) Sr Audit Team Leader [ Scorecard : 71] Posted On 08 June 2012 at 17:57 8-5=3lac Tejaswi Kasturi student-cpt [ Scorecard : 402] Posted On 08 June 2012 at 17:59 deepak's share is .25. he is bringing 8,00,000 towards his capital. to claculate goodwill we have to calculate the capital which would make the profit sharing ratio proportionate to capital brought by deepak. so capital of the firm must be 4*8,00,000 ( for 1/4th share capital is 8,00,000 so total capital is 4*8,00,000) = 32,00,000. But the total capital of the firm is only 20,00,000. so the remaining amount of capital is hidden goodwill. it will be 12,00,000. now deepak should pay his share of goodwill. so he pays 1/4(12,00,000) towards goodwill from his capital of 8,00,000. so he pays 3,00,000 towards goodwill and his capital A/c will be credited with 5,00,000. Vibhor Nanda CA student [ Scorecard : 59] Posted On 08 June 2012 at 18:19 not Hidden goodwill of firm!! You asked hidden goodwill of deepak..sh*t.. I am so sorry Vibhor Nanda CA student [ Scorecard : 59] Posted On 08 June 2012 at 18:38 o_O Nikita CA [ Scorecard : 61] Posted On 08 June 2012 at 20:05 i wanna knw abt d best buk for cost n fm ....pls helppppppp!!

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