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Goodwill of the firm is valued at ₹ 2,00,000. Goodwill also appears in the books at ₹ 80,000. Kanishk is admitted for 1/4th share. The amount of goodwill brought in by Kanishk will be ______.

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Question

Goodwill of the firm is valued at ₹ 2,00,000. Goodwill also appears in the books at ₹ 80,000. Kanishk is admitted for 1/4th share. The amount of goodwill brought in by Kanishk will be ______.

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Solution

Goodwill of the firm is valued at ₹ 2,00,000. Goodwill also appears in the books at ₹ 80,000. Kanishk is admitted for 1/4th share. The amount of goodwill brought in by Kanishk will be ₹ 50,000.

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Chapter 3: Admission of a Partner - OBJECTIVE TYPE QUESTIONS [Page 3.185]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 3 Admission of a Partner
OBJECTIVE TYPE QUESTIONS | Q (C) 5. | Page 3.185
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