ipcc a/cs query

Others 463 views 1 replies

1262 Points Joined July 2009

capital of A - 60000

B- 40000

c was admitted with one-sixth share with a capital of rs.25000

what is the goodwill of the firm?

is it 25000 or 30000?

Replies (1)

Guest

Thats exam 1st question. Answer is Rs25000.

Calculate total capital of new firm= Rs 25000 * 6

= Rs 150000

In that Rs150000, A's cap is 60000, B's cap is 40000 and C's cap is 25000.

So balance is Hidden goodwill Rs25000.

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