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(IVCENT)Disha and Divya are partners in a firm sharing profits in the ratio of 3 : 2 respectively. The fixed capitalof Disha is 4,80,000 and of Divya is 3,00,000. On 1st April, 2019 they admitted Hina as a new partnerfor 1/5th share in future profits. Hina brought * 3,00,000 as her capital. Calculate value of goodwill ofthe firm and record necessary Journal entries on Hina's admission. |
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Answer» Answer: 420000 Explanation: so total capital is 300000 × 5 = 15 LAKHS joint capital all PARTNERS are 480000+ 300000+300000 = 1080000 Value of goodwill 15lakh - 1080000 = 420000 |
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