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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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