12th Class
Accountancy
Goodwill
Question Bank
MCQs - Goodwill : Nature And Valuation
question_answer
X and Y are partners. They have provided following information on the admission of a new partner Z. Total assets = 16,00,000 and Outside liabilities = 5,00,000; Total assets include : Goodwill (Given in balance sheet) = 50,000; Miscellaneous expenditure = 10,000; Preliminary expense = 40,000; Trade investment = 1 00,000. Capital Employed of the firm will be: