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Goodwill of a firm of Bharat and Nikhil is valued at ₹30,000. It is appearing in the books at ₹12,000. Raghav is admitted for 1/4th share. What amount he is supposed to bring for goodwill?

8. Goodwill of a firm of Bharat and Nikhil is valued at ₹30,000. It is appearing in the books at ₹12,000. Raghav is admitted for 1/4th share. What amount he is supposed to bring for goodwill?

1. ₹ 30,000
2. ₹ 4,500
3. ₹ 7,500
4. ₹ 10,500

Answer: C) ₹ 7,500

Explanation:

Raghav is admitted for 1/4^th share and he is supposed to bring ₹7,500 for goodwill.