question_answer

Raju and Manoj are partners with capital of Rs. 8,000 and Rs. 6,000 respectively. They admit Naveen as a partner for \[\frac{1}{4}th\] share in the firm's profit. Naveen brings Rs. 8,000 as his share of capital. Calculate the amount of Hidden goodwill?

Answer:

\[\frac{1}{4}th\] Share Capital of Naveen = Rs. 8,000             Total Capital\[=8,000\times 4=Rs.\,32,000\]             Actual Capital of Partners\[=8,000+6,000+8,000=Rs.\,22,000\]             Hidden Goodwill\[=32,000-22,000=Rs.\,10,000\]