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Radha and Gopi are partners with rupees 500000 capital each. They admitted champa for 1/4 th share eithrupees 800000 capital.The P& L credit balance is rupees 400000.find the amount of hidden goodwill.please answer with steps.
Most Upvoted Answer
Radha and Gopi are partners with rupees 500000 capital each. They admi...
The total capital after admitting Champa is the sum of the initial capital of Radha and Gopi, plus the capital contributed by Champa. So the total capital after admitting Champa is:

Capital of Radha + Capital of Gopi + Capital of Champa
= Rupees 500,000 + Rupees 500,000 + Rupees 800,000
= Rupees 1,300,000

Since Champa is admitted for 1/4th share, her capital is 1/4th of the total capital. So Champa's capital is:

Capital of Champa = (1/4) * Total Capital
= (1/4) * Rupees 1,300,000
= Rupees 325,000

Therefore, Champa's capital is Rupees 325,000.
Community Answer
Radha and Gopi are partners with rupees 500000 capital each. They admi...
8L×4/1-8L-5L-5L-4L=10L
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Radha and Gopi are partners with rupees 500000 capital each. They admitted champa for 1/4 th share eithrupees 800000 capital.The P& L credit balance is rupees 400000.find the amount of hidden goodwill.please answer with steps.
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