UGC NET COMMERCE November 2017(Paper-II) Q8

8Goodwill 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?
  • Option : B
  • Explanation : The value of goodwill is Rs.30,000
    Book value of goodwill = Rs.12,000
    The share of Z will be 30,000 – 12,000

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