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Goodwill please solve...
Goodwill of a firm of A and B is valued at Rs.45000. It is appearing in the book at Rs.15000. C is admitted for 1/4Th share. The Amount of goodwill, which she is supposed to bring will be. . . . . . Answer is Rs.11,250. Please explain it.
Replies (2)
firstly increase the value of goodwill by debiting goodwill ac with rs 30000.now the value of firms goodwill is rs 45000. to have 1/4 share in pt c has to pay premium i.e. 1/4 th of 45000 = 11250.
45000/4 =11250
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