31 October 2007
I know somewhat abt how to calc. goodwill when capital is given; but not the other way round. Please help:
Q49 Ramesh and Suresh are partners sharing profits and losses in 2/3 and 1/3, Their capitals as on Dec 31,2004 were Rs 1,02,900 and Rs 73 ,500 respectively. Mohan was admitted into the partnership on January 1, 2005 for 1/5 share. He contributes Rs 15210 as capital. He brings his capital in profit sharing ratio. Capital amt will be :
a) 47902.5 b) 47000 c) 450000 d) none (How)
A little more advise on this wud be highly appreciated Anwar LTD purchased building woth 99 lakh and issued 12% debentures of Rs 100 each at a premium of 10% . Premium amt will be a) 9 lakh b) 8 lakh c07 lakh d) 10 lakh (How)
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