Raj & Associates is a partnership firm. Ajay is admitted as a partner. Its Goodwill is to be valued by Average Profit Method. The average profit for the past 5 years is ₹ 1,50,000, and Goodwill is being valued at 3 years’ purchase of average profit, the value of Goodwill of the firm will be:

a) ₹ 4,50,000

b) ₹ 1,50,000

c) ₹ 3,00,000

d) ₹ 6,00,000

Anurag Pathak Changed status to publish April 16, 2023
Add a Comment