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X and Y are partners in a firm sharing profit & Losses in the ratio of 1:2 with a capital of Rs.4,00,000 and Rs. 6,00,000 respectively. Z is admitted as a new partners for ¼th share in firm, who brings Rs. 5,09,000 as capital. Profit & Loss a/c shows a credit balance of Rs. 36,000 as on date of admission of Z. Calculate Z’s share in Goodwill |
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