Question
Accountancy Question on 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:
A
₹ 60,000
B
₹ 50,000
C
₹ 40,000
D
₹ 10,000
Answer
₹ 40,000
Explanation
Solution
The correct option is (C) :₹ 40,000.