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A and B are partners sharing …

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A and B are partners sharing profit and losses in the ratio of 5:3. On 1st april 2019 C is admitted to the partnership firm for 1/4th share of profits. For this purpose, goodwill is to be valued at two years purchase of last three years profit. Profits to be weighted 1:2:3, the greatest weight being given to last year. Net profit before partner's renumeration were 2016-2017: ₹200000; 2017-2018:₹230000; 2018-2019:₹250000. The renumeration of the partners is estimated to be ₹90000 p.a. Calculate amount of goodwill

Posted by Aditi Pandey 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Varnika Sangwan 6 years, 5 months ago

2,90,000 Of the firm And of patner is 72500

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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