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If total goodwill is rupees seven lakh twenty thousand and the new partner's share is three tenths what will be his goodwill premium?

Answer and explanation

Correct answer: Rupees 216000

The new partner's premium equals his share in total goodwill. Three tenths of rupees 720000 is rupees 216000.

Related tags

GoodwillPremiumNew-Partner-ShareNumericalPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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