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    Question

    A and B are partners having Capitals of ₹75,000 and

    ₹25,000, respectively, and a profit-sharing ratio of 4 : 1. C is admitted for 1/5th share in the profits of the firm and he pays ₹30,000 as Capital. Find out the value of the Goodwill.
    A ₹20,000 Correct Answer Incorrect Answer
    B ₹1,50,000 Correct Answer Incorrect Answer
    C ₹50,000 Correct Answer Incorrect Answer
    D ₹30,000 Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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