Answers

2016-02-26T19:20:33+05:30
A business undertaking operation in the market has to have its goodwill or reputation in the market because then only it will be able to earn profits but,Sometimes the value of goodwill is not mentioned in the question,so in order to find out the value of such hidden goodwill we use the formulas provided.
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2016-02-26T19:21:04+05:30
When goodwill value is not given in the question asked it is calculated on the basis of total capital and profit sharing ratio.
X and Y are the partners with the total capital of rs20,000/- ezh

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