alleryStart learning →A venturer pays Rs 30 lakh for 40% of an entity with net assets Rs 60 lakh. Goodwill arising is?
ARs 36 lakh
BRs 24 lakh
CRs 30 lakh
DRs 6 lakh
Answer & Solution
Correct answer: D. Rs 6 lakh
Its share of net assets is 40% of Rs 60 lakh, or Rs 24 lakh, so cost of Rs 30 lakh leaves Rs 6 lakh of goodwill.
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