Ram and Shyam are partners in a firm with capital and respectively. They admitted Ganesh as a partner with share of profit. Ganesh brings as his capital. Ganesh’s share of goodwill will be ____.

see full answer

High-Paying Jobs That Even AI Can’t Replace — Through JEE/NEET

🎯 Hear from the experts why preparing for JEE/NEET today sets you up for future-proof, high-income careers tomorrow.

An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

Here, we use formula:

Capital of ram is: Rs. 4,80,000
Capital of shyam is: Rs. 3,10,000
Capital of Ganesh is: Rs. 3,00,000
The share Ganesh has in the firm is:

Capitalized value of firm = (Incoming partners’ capital ×× Reciprocal of share of incoming partner) – (Total capital after taking into consideration the capital brought in by new partner)

Goodwill share of Ganesh will be:

We get:

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Online Course for IIT JEE

Best Online Course for NEET

Best Online Course for CBSE

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Get Expert Academic Guidance – Connect with a Counselor Today!

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Online Course for IIT JEE

Best Online Course for NEET

Best Online Course for CBSE