P, Q and R share profits equally. At the time of P's retirement, goodwill appears in the books at ₹3,000. P will be credited with...... amount for Goodwill share.

₹1,000

The correct answer is option 2- ₹1,000.

Goodwill = 3,000
Profit sharing ratio = 1:1:1

P's share = 3,000 x 1/3
              = 1,000

So, P will be credited with 1,000 amount for Goodwill share.