Back to Categories
Question 1 of 5
Accountancy > Accounting for Partnership Firms > Valuation Of Goodwill
Progress: 0%
Success Rate: 0%
Question 1
Pearl and Ruby were partners in a firm with a combined capital of ₹2,50,000. The normal rate of return was 10%. The profits of the last four years were as follows: 2019-20: ₹35,000 2020-21: ₹25,000 2021-22: ₹32,000 2022-23: ₹33,000 The closing stock for the year 2022-23 was overvalued by ₹5,000. Calculate goodwill of the firm based on three years' purchase of the last four years' average super profit.
0 of 5 answered
Current Session
Questions Answered0
Correct Answers0
Session Success Rate0%
Ready to Start! 🚀
Community Stats
Active Learners31
Questions Attempted604
Community Success Rate70%
Track Your Progress
Sign up to save your practice progress and get personalized insights across all topics.