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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
    Total Capital of the partners X, Y and Z is Rs.1,00,000 and the market rate of interest is 15%. The net profit for the last 3 years were Rs.30,000; Rs.36,000 and Rs.42,000. Goodwill is to be valued at 2 years purchase of the last 3 years profit. Goodwill of the firm will be:

    A) 40,000

    B) 42,000

    C) 44,000

    D) 46,000

    Correct Answer: B

    Solution :

    42,000


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