Question

3. From the following information relating to a partnership firm, find out the value of it
goodwill based on 3 years purchase of average profits of the last 4 years:
(a) Profits of the years 2015, 2016, 2017 and 2018 are 10,000, 12,500, 12,000 and
11,500 respectively.
(b) The business was looked after by a partner and his fair remuneration amounts to 8 1,500
per year. This amount was not considered in the calculation of the above profits.​

Answer 1

Answer:

i dont understand your ques........

Explanation:

i dont understand your ques........