Hemant and Naman are partners in a firm sharing profits in the ratio of 3:2. Their capitals were Rs. 80,000 an

Question

Hemant and Naman are partners in a firm sharing profits in the ratio of 3:2. Their capitals were Rs. 80,000 and Rs. 50,000 respectively. They admitted Samrat on Jan. 1, 2025 as a new partner for 1/5 share in the future profits. Samrat brought Rs. 60,000 as his capital. Calculate the value of goodwil

Accepted Answer

This is a problem of Hidden Goodwill. Let's solve it step by step:Calculate the Total Capital of the firm based on the new partner's input:Samrat's Capital for

\frac{1}{5}

share =

Rs. 60, 000

$

Total Capitalized Value = 60, 000 \times \frac{5}{1} = Rs. 3, 000, 000

C a l c u l a t e t h e C o mbin e d A c t u a lN e t W or t h (A gg re g a t e d A d j u s t e d C a p i t a l) o f a llp a r t n ers :

Actual Capital Pool = Hemant’s Capital + Naman’s Capital + Samrat’s Capital

$

Actual Capital Pool = 80, 000 + 50, 000 + 60, 000 = Rs. 1, 90, 000

Calculate the Value of Goodwill of the Firm:

Goodwill of Firm = Total Capitalized Value - Actual Capital Pool

Goodwill of Firm = 3, 00, 000 - 1, 90, 000 = Rs. 1, 10, 000

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