Goodwill of the firm is valued Rs. 30000. C an incoming partner purchase ¼ share of total profit Goodwill be raised in the books.
A) rs. 30000
B) rs. 7500
C) rs. 120000
D) rs. 7000
Correct Answer:
Verified
Q4: Interest on capital Account:
A)debited to profit &
Q5: At the time of admission of a
Q6: At the time of admission an incoming
Q7: Goodwill is valued as two years purchase
Q8: Value of goodwill agreed upon Rs. 30000
Q10: An incoming partner pays his share of
Q11: At the time of admission of a
Q12: A new partner may be admitted to
Q13: At the time of a new partner
Q14: In the revaluation account a decrease in
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