Accountancy MCQs

Partnership Accounting - Goodwill Questions with solutions MCQs

1. 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

Partnership Accounting - Goodwill Account Ast. 2024
Correct Answer : A
Explanation :

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

Correct Answered :

Wrong Answered :

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