ipcc a/cs query

495 views 1 replies

capital of A - 60000

                 B- 40000

c was admitted with one-sixth share with a capital of rs.25000

what is the goodwill of the firm?

is it 25000 or 30000?

Replies (1)

Thats exam 1st question. Answer is Rs25000.

 

Calculate total capital of new firm= Rs 25000 * 6

                                                   = Rs 150000

In that Rs150000, A's cap is 60000, B's cap is 40000 and C's cap is 25000.

So balance is Hidden goodwill Rs25000.


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