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Teaching Accountancy Partnership Accounts Question Bank MCQ - Partnership Accounts

  • question_answer
    A and B axe partners in the ratio of 2:1. They admit C for 1/4th share who contributes ` 3000 for this share of goodwill. The total value of goodwill of the firm is

    A)  ` 3000                                    

    B)  ` 12000

    C)                     ` 9000                                    

    D)  ` 15000

    Correct Answer: B

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