Question

4. A, B and Care partners sharing profits in the ratio 7:5: 4. C died on 30th June, 2017. It was decided to
value the goodwill on the basis of three year's purchase of the last five years average profits. If the
profits are * 29,600, 28,700, 28,900,2 24,000 and 26,800, calculate C's share of goodwill.
29,600 for 31/3/2017
28,700 for 31/3/2016
28,900 for 31/3/2015
24,000 for 31/3/2014
26,800 for 31/3/2013​

Answer 1

Answer:

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