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: