Goodwill of the firm is valued at Rs.100000. Goodwill also appears in the books at RS.50000. C is admitted for ¼ share. The amount of goodwill to be brought in by C will be:
A. 20000
B. 25000
C. 30000
D. 40000
Answer:B
Goodwill of the firm is valued at Rs.100000. Goodwill also appears in the books at RS.50000. C is admitted for ¼ share. The amount of goodwill to be brought in by C will be:
A. 20000 B. 25000 C. 30000 D. 40000