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 = 3,00,000; Number of years purchased = 3 years. Goodwill of the firm (by Super profit method) will be: