Vinay and Naman are partners sharing profits in the ratio of 4: 1. Their capitals were Rs. 80,000 and Rs. 60,000 respectively. Reserve appeared in the books at Rs. 20,000. They admitted Prateek for 1 / 3 share in the profits. Prateek brought Rs. 1,00,000 as his capital. Calculate the value of firm’s goodwill. (C.B.S.E Comptt. 2018)
