A, B and C are equal partners. D is admitted to the firm for non-ourth share. D brings ₹ 20,000 as capital and ₹ 5,000 being half of the premium for goodwill. The value of goodwill of the firm is :
A. ₹ 10,000
B. ₹ 40,000
C. ₹ 30,000
D. None of these
Answer:B
A, B and C are equal partners. D is admitted to the firm for non-ourth share. D brings ₹ 20,000 as capital and ₹ 5,000 being half of the premium for goodwill. The value of goodwill of the firm is :
A. ₹ 10,000 B. ₹ 40,000 C. ₹ 30,000 D. None of these