CA CPT 2014 June Question Paper Fundamentals of Accounting for online practice

Question : 47 of 60

Marks: +1, -0

Neeraj & Gopi are partners with Rs.5,00,000 capital each. They admitted champak for 1/4th share with Rs.8,00,000capital. The P & L A/c credit balance is Rs.4,00,000. Find the amount of hidden goodwill