Question

A and B are partners in a firm sharing profits and losses in the ratio of two is 21 they decided to take C into partnership for one by v share on 1st April 2017 for this purpose Goodwill is to be valued at 80% of average annual profit of the previous 3 year or 4 year which river is higher the average profit for 4 years last 4 years or year ending on 31st March 2014 98000 ending on 31st March 2015 80000 year ending 31st March 2016 76000 year ending on 31st March 2017 120000 calculate the value of goodwill

Answer 1

HERE IS YOUR ANSWER 74,800. Don't forget to say thanks to me.