Class/Course - CA - CPC

Subject - Fundamentals of Accounting

Chapter - Treatment of Goodwill in Partnership Accounts


Attention CA - CPC standard Aspirants! Just Exam provide a platform to all students who want to make practice for various subject online. We prepare this platform on the base of CBSE. If you want to join our unlimited test series, then please write us at info@justexam.in about your class/course


Dear User, Kindly login/register to view answer & explanation of each question.
Click here to Login/Sign Up.
Q.1 Neeraj and Gopi are partners in a firm with capitals of Rs. 5,00,000 each. They admit Champak as a partner with 1/4th share in the profits of the firm. Champak brings Rs. 8,00,000. The Profit and Loss Account showed a credit balance of Rs. 4,00,000 as on the date of admission. The value of hidden goodwill is:
  Rs. 14,00,000
  Rs. 18,00,000
  Rs. 10,00,000
  Nil