D and G are partners in the firm with the capital of 500000 each. they admid H as partner with 1/4 th share in the profits of the firm. H brought rs 800000 as his share of capital.the total capital of te firm after H's admission will be 2000000.....the amount of hidden goodwill brought by H will be?
1 Replies
zuhaib
(audit assistant)
(23 Points)
Replied 10 February 2013
dear ram, there is not any concept about hidden goodwill in partnership.
"incase the incomming partner didnt bring goodwill. it must adjust withi capital and balance is treated as capital.
given case existing partner should bring 1 lakh each.
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