Profit before charging partners remuneration of Rs 30000 are: 1990-Rs70000,1991-90000,1992-Rs100000,1993-Rs120000&1994-Rs90000. Find the value of goodwill by taking 3 years purchases of super profit.
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Value of goodwill in the books after the admission of C= Rs 90000. Because the goodwill has been revalued before the admission of C.
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