<\/p>\n
The correct answer is –<\/p>\n
To find the value of goodwill of the firm on Anita’s admission, we can use the following formula:<\/p>\n
Goodwill = (New partner’s capital \/ Total capital) x Total goodwill<\/p>\n
First, let’s calculate the total capital of the firm:<\/p>\n
Total capital = Capital of Manas + Capital of Mili + Anita’s capital Total capital = %3,00,000 + %1,50,000 + %2,00,000 Total capital = %6,50,000<\/p>\n
Next, let’s calculate the new profit sharing ratio after Anita’s admission:<\/p>\n
Manas and Mili’s share = 3 + 2 = 5 Anita’s share = 1\/4 = 1.25<\/p>\n
New total share = 5 + 1.25 = 6.25<\/p>\n
Manas’ share = 3\/6.25 = 48% Mili’s share = 2\/6.25 = 32% Anita’s share = 1.25\/6.25 = 20%<\/p>\n
Now, let’s calculate the average of the old profit sharing ratio and the new profit sharing ratio:<\/p>\n
Average ratio = (3\/5 + 2\/5 + 1.25\/4) \/ 2 Average ratio = 0.65<\/p>\n
Therefore, the goodwill of the firm can be calculated as follows:<\/p>\n
Goodwill = (Anita’s capital \/ Total capital) x (Average ratio – Anita’s share) x 2 Goodwill = (%2,00,000 \/ %6,50,000) x (0.65 – 0.2) x 2 Goodwill = %0.3077 x 0.45 x 2 Goodwill = %0.277 x %6,50,000 Goodwill \u2248 %1,80,000<\/p>\n
Therefore, the value of goodwill of the firm on Anita\u2019s admission is approximately %1,80,000. Option (D) %1,50,000 is not the correct answer.<\/p>\n","protected":false},"excerpt":{"rendered":"
These are the options for the Question: Manas and Mili are partners in a firm sharing profits in the ratio of 3: 2. Anita is admitted as a new partner for 1\/4″ share in future profits. Capitals of Manas and Mili were % 3,00,000 and % 1,50,000 respectively. Anita brought % 2,00,000 as her capital. […]<\/p>\n","protected":false},"author":21842,"featured_media":132233,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12119],"tags":[],"class_list":{"0":"post-135443","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-quiz"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/135443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/users\/21842"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/comments?post=135443"}],"version-history":[{"count":1,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/135443\/revisions"}],"predecessor-version":[{"id":135448,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/135443\/revisions\/135448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media\/132233"}],"wp:attachment":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media?parent=135443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/categories?post=135443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/tags?post=135443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}