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priyanshu Biyani

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12th, CA-CPT in 1st Attempt 2 years Experience Accounts, MAths

 
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Priyanshu Biyani
Posted on Mar 16, 2015 3:47 PM

Dheeraj and Gopal are partner in a firm with capitals of Rs. 500000 each. They admit Deepak as a partner with 1/4th share in the profits of the firm . Deepak brings Rs. 800000 as his Share of capital. The profit and loss account showed a credit balanceof Rs. 400000 as on the date of his admission the value of Hidden Goodwill will be: a. Rs. 1400000 b. Rs. 1800000 c. Rs. 1000000 d. None of the above

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