Q.
Goodwill of a firm of X and Y is valued at ` 30,000. It is appearing in the books at ` 12,000. Z is admitted for 1/4 share. What amount he is supposed to bring for goodwill ?
[A] 7,500
[B] 7,000
[C] 10,000
[D] 15,000
Answer & Explanation
Answer: 7,500