Question

Moksh and Pran were partners in a firm sharing profits and losses in the ratio of 1 : 2. Their capitals were ₹ 5,00,000 and ₹ 3,00,000, respectively.

They admitted Tushar as a new partner on 1st April, 2024, for a 1/4th share in future profits. Tushar brought ₹ 4,00,000 as his share of capital. The goodwill of the firm on Tushar’s admission will be ______.

विकल्प

• ₹ 16,00,000

• ₹ 4,00,000

• ₹ 8,00,000

• ₹ 12,00,000

Answer 1

Moksh and Pran were partners in a firm sharing profits and losses in the ratio of 1 : 2. Their capitals were ₹ 5,00,000 and ₹ 3,00,000, respectively.

They admitted Tushar as a new partner on 1st April, 2024, for a 1/4th share in future profits. Tushar brought ₹ 4,00,000 as his share of capital. The goodwill of the firm on Tushar’s admission will be ₹ 4,00,000.

Explanation:

Tusar’s share = `1/4`

Capital brought in by Tushar = ₹ 4,00,000

Total capital of New firm = `4,00,000 xx 4/1`

= ₹ 16,00,000

Based on Tushar’s share:

Capital of All Partners = 5,00,000 + 3,00,000 + 4,00,000

= ₹ 12,00,000

Value of Firm’s Goodwill = Total Capital of New Firm − Capital of All Partners

= 16,00,000 − 12,00,000

= ₹ 4,00,000