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Question
A and B are partners with capitals of ₹ 50,000 each. They admit C for 1/4th share. C brings in ₹ 80,000 as his share of capital. Profit and Loss A/c showed a credit balance of ₹ 30,000 on that date. Value of Hidden goodwill will be ______.
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Solution
A and B are partners with capitals of ₹ 50,000 each. They admit C for 1/4th share. C brings in ₹ 80,000 as his share of capital. Profit and Loss A/c showed a credit balance of ₹ 30,000 on that date. Value of Hidden goodwill will be ₹ 1,10,000.
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