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Goodwill is to be valued at …

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Goodwill is to be valued at three years purchase of years average profit . Profits for last four years ending on 31st march ,of the firm were:2016_₹1200; 2017 _ 18000; 2018_ ₹ 16000; 2019_₹14000. Calculate the amount of goodwill

Posted by Diwan Chand 5 years, 3 months ago

ICSE & ISC > Class 12 > Accountancy

1 answers

Tushar Bindal 4 years, 9 months ago

AP=1200+18000+16000+14000/4=48300 Goodwill=APx no of year purchase 48300x3=144900 ans

1Thank You

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