Plzz solve this que...
Dear Student
C's share after all the adjustment = C's capital + C's share of general reserve + C's share in revaluation
= 30000 + 10000 +3500
= 43500
C's share of goodwill = 50000 - 43500 = 6500
Total firm's goodwill = C's share of goodwill x reciprocal of C's share
= 6500 x (7/2) = Rs 22750
Regards
C's share after all the adjustment = C's capital + C's share of general reserve + C's share in revaluation
= 30000 + 10000 +3500
= 43500
C's share of goodwill = 50000 - 43500 = 6500
Total firm's goodwill = C's share of goodwill x reciprocal of C's share
= 6500 x (7/2) = Rs 22750
Regards