Hidden goodwill

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.

Umm..

Thinking.. Thinkinggg :P

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

Total capital after admission 2000000

1/4 share 500000

Capital brought 800000

hidden goodwill (8-2) 300000

8-5=3lac

 

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.

not Hidden goodwill of firm!! You asked hidden goodwill of deepak..sh*t.. I am so sorry

o_O

i wanna knw abt d best buk for cost n fm ....pls helppppppp!!