D and G are partners in the firm with the capital of 500000 each. they admid H as partner with 1/4 th share in the profits of the firm. H brought rs 800000 as his share of capital.the total capital of te firm after H's admission will be 2000000.....the amount of hidden goodwill brought by H will be?
Menu
Account doubt - partnership-cpt
Replies (1)
dear ram, there is not any concept about hidden goodwill in partnership.
"incase the incomming partner didnt bring goodwill. it must adjust withi capital and balance is treated as capital.
given case existing partner should bring 1 lakh each.
Recent Topics :
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
Related Topics :
CAclubindia
