Posted On : 19 September 2020
Pooja and Sandeep are partners sharing profits in ratio of 3:3. They admit Tushar as a new partner for 1/3
share in profits. Tushar is to bring in Rs. 30,000 as his share of goodwill as the total value of goodwill is estimated at Rs. 90,000. But
he brings Rs. 15,000 only (half of what is due) on this account. In this case, after due credit for Rs. 15,000 to Pooja’s and Sandeep’s capital accounts in their sacricifing ratio, goodwill account will be raised by Rs. 45,000 (half of its total value) by crediting their old profit sharing ratio.
Here please answer me goodwill account and how it is raised and how much goodwill is shared by the old partners