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Upon a admission of Champak Lal in a partnership firm as a new partner for 1/4th share of profit, the goodwill of the firm

Upon a admission of Champak Lal in a partnership firm as a new partner for 1/4th share of profit, the goodwill of the firm is valued at Rs.40,000. Goodwill to be brought in cash by Champak will be A Rs.40,000 B Rs.10,000 C Rs.30,000 D Rs.20,000

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