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  3. 12th Class
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  5. Goodwill

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

  • question_answer
    The goodwill of a firm is valued at 4 years' purchase of average profits of last five years. The profits of the last five years were : 2013 - 14 : 2,00,000, 2014 - 15 : 3,00,000, 2015 - 16 : 4,50,000 (including an abnormal gain of Rs.50,000) 2016 - 17 : 3,50,000 (after charging an abnormal loss of Rs.90,000) 2017 - 18 : 2,60,00. Goodwill of the firm will be:

    A) 12,80,000

    B) 12,00,000

    C) 12,50,000

    D) 12,70,000

    Correct Answer: A

    Solution :

    12,80,000


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