SOLUTION
Prateek’s share = 1 / 3; Prateek’s Capital = Rs. 1,00,000.
(a) Based on Prateek’s Capital, Total Capital of the firm will be = Rs. 1,00,000 x 3 / 1 = Rs. 3,00,000
(b) Total existing capital of Vinay, Naman and Prateek = 90,000 + 70,000 + 1,00,000 = Rs. 2,60,000
(c) Value of Firm’s Goodwill (A – B) = 3,00,000 – 2,60,000 = Rs. 40,000.