Question

Examp
Anand and Parmanand are partners in a firm in the ratio of 32. They admit
Brahmanand as a partner for 1/4th share. The goodwill is to be valued on the basis
of three years' purchase of last four years' average profits. The Profit for last four
years were as under –
Years
Profit )
2014
2015
2016
2017
*74,000 after charging voluntary retirement compensation
88,000 including lottery income of 14,000
54,000 including abnormal gain of * 16000
1,06,000 excluding salary of 12000 to a manager, now to be paid.
Find out goodwill of the firm

Answer 1

Answer:

in this question only one ratio was given which is not sufficient for getting the accurate answer