Goodwill is valued as two years purchase of the average profits of three previous years are Rs. 15000, the value of goodwill be:

Related MCQs

• Goodwill of the firm is valued Rs. 30000. C an incoming partner purchase ¼ share of total profit Goodwill be raised in the books.
• Value of goodwill agreed upon Rs. 30000 on C, S admission and allowing him ¼ share of total profit Goodwill is brought in cash, the amount of goodwill be as:
• An incoming partner pays his share of goodwill in cash, and profit sharing ration of old partner is changed, Goodwill be distributed among old partners:
• Which of the following does not give a difference between a hire purchase and a normal purchase?
• The accounting procedure at the retirement of partner is valued:
• On the balance sheet of a company, the value of the asset bought through hire purchase will appear as:
• At the time of admission an incoming partner contributes as goodwill:
• At the time of a new partner Goodwill:
• A person who receives a share of profits from one of the regular partner is called:
• While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value. This is known as