Q Goodwill of a firm of X and Y is valued at Rs. 30,000. It is appearing in the books at Rs. 12,000. Z is admitted for 1/4 share. What amount he is supposed to bring for goodwill?

A. 4,500
B. 5,000
C. 7,500
D. 10,500

Correct Answer: A

Explanation:
Goodwill = 30,000 ? 12,000 = 18,000. Z`s share = 1/4 of 18,000 = Rs. 4,500.

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