The value of goodwill of a firm is Rs. 4,48,000. it has been calculated on the basis of 4 years purchase of weighted average profits of last 3 years. The net profit of the firm for the second year was twice of the net profit of the first year and the net profit for the third year was one and a half time of the second year. weights used for three years are 1,2 and 3 respectively.
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The value of goodwill of a firm is Rs. 4,48,000. it has been calculated on the basis of 4 years purchase of weighted ave...
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