Navya and Shivangi are partners since last 10 years. They are involved in manufacturing of Mobile phones. 80% of the profit is shared by Navya and remaining 20% by Shivangi. They admit a new partner Mokshi for 1/3rd share in profits. Following entries were passed at the time of admission of Mokshi. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total Goodwill of the firm: |
A) 1,00,000
B) 2,00,000
C) 3,00,000
D) 4,00,000
Correct Answer: C
Solution :
3,00,000You need to login to perform this action.
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