Question

ODWILL-NATURE AND VALUATION)
PARTNERSHIP ACCOM
Achal's business w.e.f. 1-1-2016. The profits disclosed by Achal's business for
8.
Arun purchased Achal's busi
the last three years were as follows
Year
Profits
1.20.000
2013
(Including an abnormal gain of 15,000)
1.50,000
2014
(After charging an abnormal loss of 30,000)
2015
1.35,000 (Excluding 15,000 as insurance premium of
firm property - now to be insured)
the value of goodwill on the basis of 3 years purchase of the average profit for the las
three years.
Ans. 4.05.000
odwill is to be valued at two years purchase of 3 years normal average profit of the fire
Goodwill 15
9.
20111000 Gincluding
alon
e
​

Answer 1

Answer:

Explanation:

2013