Practicing Success
Read the Case Study given below and answer the question. |
What is the value of the goodwill of the firm? |
Rs. 1,35,00,000 Rs. 30,00,000 Rs. 1,50,00,000 Cannot be determined from the given data |
Rs. 1,35,00,000 |
The correct answer is option 1- Rs. 1,35,00,000. Sania share = 8/18 Ejaz share = Half of Sania share Goodwill brought by Ejaz for 2/9 share in firm = ₹30,00,000 |