Question

19. A, B and C were partners in a firm. On 1st April, 2016, their capitals were * 2,40,000, 1,60,000 and
22,00,000 respectively. The profit of the firm for last four years before charging interest on capital @ 10%
per annum were : 2012-13*1,68,000; 2013-14 1,92,000 ; 2014-15*1,64,000; 2015-16 2,16,000. The partners
have been allowed salary of 6,000 per month during the last four years. The above profits include
income from investment of 5,000 each year.
Calculate the value of Goodwill on the basis of 3 years purchase of average profit of last four years.​

Answer 1

Answer:

2012

Explanation:

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