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A new partner brings (₹50000) capital for (1/4) share. Old partners' capitals are (₹130000) and (₹30000). What is hidden goodwill?

Answer and explanation

Correct answer: Zero

Estimated total capital is (₹200000) and actual total capital is (₹210000). Since actual capital is higher, hidden goodwill is taken as zero.

Related tags

Hidden GoodwillCapital ComparisonNo GoodwillGoodwill AccountingReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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