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  3. 12th Class
  4. Accountancy
  5. Goodwill

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

  • question_answer
    X and Y are partners. Following information is available on the admission of a new partner Z. Average profit = 5,00,000; Normal profit = 6,00,000; Number of year purchased = 3 years. Goodwill of the firm (Super profit) will be:

    A) 3,00,000

    B) (3,00,000)

    C) Nil

    D) 2,00,000

    Correct Answer: C

    Solution :

    Nil


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