Goodwill of the firm is valued at three year’s purchase of the average profit of the last five years. The profits are as under 2010 1,60,000 (Profit) 2009 20,000 (Loss) 2008 1,20,000 (Profit) 2007 1,00,000 (Profit) 2006 80,000 (Profit) Goodwill amount will be

Correct Answer is : Rs. 2,64,000

CA CPT Model Test Paper 2 with solutions for online practice

Question : 23 of 200

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Goodwill of the firm is valued at three year’s purchase of the average profit of the last five years. The profits are as under

Goodwill amount will be

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