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Accountancy · 2024 · 1 mark

CBSE 2024 · Region 2 · Set 1 · Q13

Manas and Ranvir are partners in a firm having capital balances of ₹ $\displaystyle 1,20,000$ and ₹ $\displaystyle 80,000$ respectively. Sanju is admitted as a new 1th partner in the firm for share in future profits. Sanju brought $\displaystyle 5$ ₹ $\displaystyle 1,00,000$ as his capital. The goodwill of the firm on Sanju's admission will be :

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CBSE Class 12 Accountancy past-paper question from the 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.