Accountancy, asked by bikasrana0220, 2 months ago

what is supper profit method calculation of goodwill

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Answered by anshuraj10

Answer:

Super Profits Method

(i) The Number of Years Purchase Method: Under this method, the goodwill is valued at the agreed number of years' of purchase of the super profits of the firm. Goodwill = Super Profit x No. of years' of purchase. # Super Profit = Actual or Average profit – Normal Profit.

Explanation:

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