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CPT 573 views 2 replies

A& B are partner with capitals of Rs 10000 and Rs 20000 respectively and sharing profits equally. they admitted C as their third partner with one-fourth profits of the firm on the payments of Rs12000. the amount of hidden goodwill is

 

a.6000

 

b.10000

 

c.8000

 

d. none of the above

 

can anyone answer this question?

Replies (2)

Based on C's share ,Capital of of the firm ought to be

12000 X 4/1 = 48000

Combined Capital of A + B + C = 20000 + 10000 + 12000 = 42000.

Value of Hidden goodwill = 48000-42000 = 6000.

So,the correct answer works out to be a.6000

thanks :)


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