Question

what is meant by number of years purchase?​

Answer 1

Answer:

Number of years' purchase is the number of years' for which the firm will expect to earn the same amount of profit because of the past efforts of the firm after change of ownership.

Answer 2

Answer:

Heya__!!

Here is your answer__!!

Number of years purchase means the amount of yield or profit made in the particular number of years.

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