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Goodwill is valued at 1.5 years’ …

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Goodwill is valued at 1.5 years’ purchase of the average profits of last three years, less Rs.12,000. Profits of 3 years amounted to Rs. 12,000; Rs. 18,000 and Rs. 30,000.

    • Posted by Bhoomi Goyal 3 years, 2 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Saloni Jain 3 years, 1 month ago

    12000+18000+30000/3 =20000 Goodwill =20000×1.5 =30000

    1Thank You

    Tushar Gupta Tushar 3 years, 2 months ago

    30000

    1Thank You

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