{"id":53697,"date":"2024-04-15T23:57:47","date_gmt":"2024-04-15T23:57:47","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=53697"},"modified":"2024-04-15T23:57:47","modified_gmt":"2024-04-15T23:57:47","slug":"goodwill-of-a-firm-of-a-and-b-is-valued-at-rs-30000-it-is-appearing-in-the-books-at-rs-12000-c-is-admitted-for-frac14textth-share-the-amount-of-goodwill-which-he-is-suppos","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/goodwill-of-a-firm-of-a-and-b-is-valued-at-rs-30000-it-is-appearing-in-the-books-at-rs-12000-c-is-admitted-for-frac14textth-share-the-amount-of-goodwill-which-he-is-suppos\/","title":{"rendered":"Goodwill of a firm of A and B is valued at Rs. 30,000. It is appearing in the books at Rs. 12,000. C is admitted for $${\\frac{1}{4}^{{\\text{th}}}}$$ share. The amount of goodwill, which he is supposed to bring, will be:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 4,500&#8243; option2=&#8221;Rs. 3,000&#8243; option3=&#8221;Rs. 7,500&#8243; option4=&#8221;Rs. 10,500&#8243; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is C. Rs. 7,500.<\/p>\n<p>Goodwill is an intangible asset that represents the value of a company&#8217;s reputation, customer base, and other factors that make it more valuable than the sum of its assets. When a new partner is admitted to a firm, the goodwill is usually revalued to reflect the new partner&#8217;s share of the business. In this case, the goodwill is valued at Rs. 30,000, and C is admitted for a $\\frac{1}{4}$ share. This means that C is entitled to a $\\frac{1}{4}$ share of the goodwill, or Rs. 7,500.<\/p>\n<p>Option A is incorrect because it is the value of the goodwill as it appears in the books. This is not the amount that C is supposed to bring.<\/p>\n<p>Option B is incorrect because it is the amount of goodwill that would be brought in if C were admitted for a $\\frac{1}{2}$ share.<\/p>\n<p>Option D is incorrect because it is the total value of the goodwill. This is not the amount that C is supposed to bring.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 4,500&#8243; option2=&#8221;Rs. 3,000&#8243; option3=&#8221;Rs. 7,500&#8243; option4=&#8221;Rs. 10,500&#8243; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-53697","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Goodwill of a firm of A and B is valued at Rs. 30,000. It is appearing in the books at Rs. 12,000. C is admitted for $${\\frac{1}{4}^{{\\text{th}}}}$$ share. The amount of goodwill, which he is supposed to bring, will be:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/goodwill-of-a-firm-of-a-and-b-is-valued-at-rs-30000-it-is-appearing-in-the-books-at-rs-12000-c-is-admitted-for-frac14textth-share-the-amount-of-goodwill-which-he-is-suppos\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Goodwill of a firm of A and B is valued at Rs. 30,000. It is appearing in the books at Rs. 12,000. C is admitted for $${\\frac{1}{4}^{{\\text{th}}}}$$ share. The amount of goodwill, which he is supposed to bring, will be:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Rs. 4,500&#8243; option2=&#8221;Rs. 3,000&#8243; option3=&#8221;Rs. 7,500&#8243; option4=&#8221;Rs. 10,500&#8243; correct=&#8221;option3&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/goodwill-of-a-firm-of-a-and-b-is-valued-at-rs-30000-it-is-appearing-in-the-books-at-rs-12000-c-is-admitted-for-frac14textth-share-the-amount-of-goodwill-which-he-is-suppos\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T23:57:47+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Goodwill of a firm of A and B is valued at Rs. 30,000. It is appearing in the books at Rs. 12,000. C is admitted for $${\\frac{1}{4}^{{\\text{th}}}}$$ share. The amount of goodwill, which he is supposed to bring, will be:","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/goodwill-of-a-firm-of-a-and-b-is-valued-at-rs-30000-it-is-appearing-in-the-books-at-rs-12000-c-is-admitted-for-frac14textth-share-the-amount-of-goodwill-which-he-is-suppos\/","og_locale":"en_US","og_type":"article","og_title":"Goodwill of a firm of A and B is valued at Rs. 30,000. It is appearing in the books at Rs. 12,000. C is admitted for $${\\frac{1}{4}^{{\\text{th}}}}$$ share. The amount of goodwill, which he is supposed to bring, will be:","og_description":"[amp_mcq option1=&#8221;Rs. 4,500&#8243; option2=&#8221;Rs. 3,000&#8243; option3=&#8221;Rs. 7,500&#8243; option4=&#8221;Rs. 10,500&#8243; correct=&#8221;option3&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/goodwill-of-a-firm-of-a-and-b-is-valued-at-rs-30000-it-is-appearing-in-the-books-at-rs-12000-c-is-admitted-for-frac14textth-share-the-amount-of-goodwill-which-he-is-suppos\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T23:57:47+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/goodwill-of-a-firm-of-a-and-b-is-valued-at-rs-30000-it-is-appearing-in-the-books-at-rs-12000-c-is-admitted-for-frac14textth-share-the-amount-of-goodwill-which-he-is-suppos\/","url":"https:\/\/exam.pscnotes.com\/mcq\/goodwill-of-a-firm-of-a-and-b-is-valued-at-rs-30000-it-is-appearing-in-the-books-at-rs-12000-c-is-admitted-for-frac14textth-share-the-amount-of-goodwill-which-he-is-suppos\/","name":"Goodwill of a firm of A and B is valued at Rs. 30,000. 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