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Home › CBSE Class 12 (Commerce) › Accountancy › Accounting for Partnership Firms: Change in Profit-Sharing Ratio and Admission of a Partner › Goodwill is valued at Rs. 24,000. Venkat is admi…

Goodwill is valued at Rs. 24,000. Venkat is admitted for 1/3 share. His premium?

ARs. 12,000
BRs. 6,000
CRs. 24,000
DRs. 8,000
Answer & Solution
Correct answer: D. Rs. 8,000
One third of 24,000 is 8,000, which is the premium he must bring.
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