Value of goodwill agreed upon Rs. 30000 on C, S admission and allowing him ¼ share of total profit Goodwill is brought in cash, the amount of goodwill be as:

Name: Value of goodwill agreed upon Rs. 30000 on C, S admission and allowing him ¼ share of total profit Goodwill is brought in cash, the amount of goodwill be as:
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Question

Quizplus · Accepted Answer

Since C is allowed a 1/4 share of the total profit, the goodwill amount he needs to bring in is 1/4 of the agreed total goodwill value, which is 1/4 of Rs. 30000 = Rs. 7500.

Value of Goodwill Agreed Upon Rs