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Goodwill of a firm of A and B is valued ...

Goodwill of a firm of A and B is valued at Rs. 30,000. Goodwill is appearing in the books at Rs. 12,000. C is admitted for `1//4th` share , amount that will bring for goodwill is

A

Rs 3,000

B

Rs 4,500

C

Rs 7,500

D

Rs 10,500

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The correct Answer is:
C
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TS GREWAL-COLLAGE OF OBJECTIVE TYPE/MULTIPLE CHOICE QUESTIONS (MCQS)-Multiple choice question
  1. In case of admission of a partner, the entry for unrecorded investment...

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  2. When Revaluation Account is opened and the balance sheet is prepared a...

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  3. Goodwill of a firm of A and B is valued at Rs. 30,000. Goodwill is app...

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  4. Which of the following statement is correct ?

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  5. Revaluation Account is prepared at the time of

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  6. Unrecorded assets are

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  7. Balance fo Revaluation Account, in case of fixed capitals, is transfer...

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  8. On the death of the partner his legal representatives are entitled to ...

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  9. Increase in liability at the time of retirement of a partner is

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  10. Increase in the value of assets at the time of retirement of a partner...

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  11. Decrease in liability at the time of retirement of a partner is

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  12. Decrease in the value of assets at the time of retirement of a parnter...

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  13. Gaining Ratio is

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  14. A, B and C are partner sharing profits in the ratio 4 : 5 : 3 , C ret...

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  15. A,B and C are the partners sharing profits in the ratio 3 : 2 : 1,C r...

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  16. A,B and C are the partners sharing profits in the ratio 3 : 2 : 1,C r...

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  17. A,B and C are the partners sharing profits in the ratio 3 : 2 : 1,C r...

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  18. A, B and C are three parnters in the firm, sharing in the ratio 2 : 2 ...

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  19. A, B and C are partners, sharing profits and losses in 3 : 2 : 1, B di...

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  20. A, B and C are partners, B retires from the firm, on the date of his r...

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