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If total goodwill is rupees five lakh and the deceased partner's old share was one fourth how much will his representative receive for goodwill?

Answer and explanation

Correct answer: Rupees 125000

The deceased partner's goodwill share equals his old profit share in total goodwill. One fourth of rupees 500000 is rupees 125000.

Related tags

GoodwillDeath-Of-PartnerShare-Of-GoodwillNumericalPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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