Accountancy > Accounting For Partnership Firms > Admission Of A Partner
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Moksh and Pran were partners in a firm sharing profits and losses in the ratio of 1:2. Their capitals were ₹ 5,00,000 and ₹ 3,00,000 respectively. They admitted Tushar as a new partner on 1st April, 2024 for 1/4th share in future profits. Tushar brought ₹ 4,00,000 as his share of capital. The goodwill of the firm on Tushar's admission will be:
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