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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-MCQ-Multiple Choice Questions (MCQs)
  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 ...

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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 of Revaluation Accoun , in case of fixed capitals , is transfe...

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

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

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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 partner sharing profits in the ratio 3 : 2 : 1 , C ...

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

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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 partners 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...

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

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