CUET Accountancy - L and M are partners sharing profits in the ratio 3:2. N is admitted as a partner for 1/5th of the share which is acquired from L. Goodwill of the firm is valued at Rs. 40,000 on N's admission. N will have to pay for Goodwill: | PYQs + Solutions

CUET Accountancy 2025 13 May Shift 1

Partnership

Medium

Rs. 4000 to both L and M

Rs. 8000 to L

Rs. 8000 to M

Rs. 8000 to both L and M

✅ Correct Option: 2

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CUET Accountancy 2025 13 May Shift 1 PYQs

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