The following particulars are available in respect of the business carried on by a partnership firm:Trading Results: 2001 Loss Rs. 5,000 2002 Loss Rs. 10,000 2003 Profit Rs. 75,000 2004 Profit Rs. 60,000 You are required to compute the value of goodwill on the basis of 3 years purchase of average profit of the business.

CA CPT Dec 2015 Question Paper Fundamentals of Accounting for online practice

Question : 44 of 59

Marks: +1, -0

The following particulars are available in respect of the business carried on by a partnership firm:Trading Results:

You are required to compute the value of goodwill on the basis of 3 years purchase of average profit of the business.

Go to Question:

Prev Question

Next Question