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David and Garry are partners in a firm with capitals of Rs. 90,000 and Rs. 80,000 respectively. Zenith brings Rs.70,000 as his capital for 1/4th share in profits. Zenith’s share of goodwill will be:

(a) Rs. 34,000.

(b) Rs. 29,000.

(c) Rs.10,000.

(d) Rs.14,000.

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Correct answer is (c) Rs.10,000.

ExplanationDavid and Garry are partners in a firm with capitals of Rs. 90,000 and Rs. 80,000 respectively. Zenith brings Rs.70,000 as his capital for 1/4th share in profits. Zenith’s share of goodwill will be: Rs.10,000.

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