Question

6. (Calculate goodwill when Partners
Capital are given) A firm of partner A, B and C
has Fixed Capital of 1,00,000, 380,000 and 1.20,000 respectively. Interest on capital is
allowed @ 10% p.a. The profits of last four years before interest on capital were : Ist year
750.000IInd year ? 40,000 IIIrd year * 70.000 : IVth year 60,000 Partners have been
allowed salary of 7 80,000 in total during the above four years.
1
As per agreement goodwill of the firm is to be valued at 2
years of the average net profits
2.5
of the last four years.​

Answer 1

Answer:

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