2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Goodwill

12th Class Accountancy Goodwill Question Bank MCQs - Goodwill : Nature And Valuation

  • question_answer
    Vinod and Divij are partners. They admit Kanav as new partner. Goodwill of the firm is to be calculated. The profits/loss for last 5 years to be considered are:
    Year 2016-17 2017-18 2018-19 2019-20 2020-21
    Profit 40,000 80,000 95,000 35,000 20,000
    Profit Profit Profit loss Profit
    The Goodwill of the firm was calculated Rs.1,00,000. Find out the 'Number of years Purchase':

    A) 3 years

    B) 2 years

    C) 2.5 years 

    D) 3.5 years

    Correct Answer: C

    Solution :

    2.5 years


You need to login to perform this action.
You will be redirected in 3 sec spinner