Question:
P, Q and R are Partners sharing Profits and losses equally. R retires and Goodwill is appearing in the books at ₹ 30,000. Goodwll of the firm is valued at ₹ 1,50,000. Calculate the net amount to be credited to R's Capital A/c for adjustment of goodwill:
P, Q and R are Partners sharing Profits and losses equally. R retires and Goodwill is appearing in the books at ₹ 30,000. Goodwll of the firm is valued at ₹ 1,50,000. Calculate the net amount to be credited to R's Capital A/c for adjustment of goodwill:
Updated On: Feb 8, 2025
- ₹ 60,000
- ₹ 50,000
- ₹ 40,000
- ₹ 10,000
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The Correct Option is C
Solution and Explanation
The correct option is (C) :₹ 40,000.
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