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Aravind.. (CA) (1262 Points)
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?
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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