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

  • question_answer
    The total capital of the firm of Saurabh, Mohit and Nikhil was Rs.1,00,000. The net profits for the last 3 years were : 2018-19 Rs.40,000; 2019-20 Rs.46,000 and 2020-21 Rs.52,000. There was an abnormal loss of Rs.3,000 in 2019-20. Goodwill of the firm was to be valued at 2 years purchase of the average profits of last three years. The goodwill of the firm will be:

    A) 90,000

    B) 92,000

    C) 94,000

    D) 96,000

    Correct Answer: C

    Solution :

    94,000


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