P, Q and R are partners in a firm sharing profits in the ratio of 3:2:1. R retires, and the balance in his capital account after making necessary adjustments on account of reserves, revaluation of assets and liabilities etc is workout to be Rs. 60,000. P and Q agreed to pay him Rs. 75,000 in full settlement of his claim. What will be the value of goodwill of the firm?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) →
Rs 90,000