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The total capital of the firm of Saurabh, Mohit and Nikhil wasRs.1,00,000. The net profits for the last 3 years were : 2013-14 Rs.40,000; 2014-15 Rs.46,000 and 2015-16 Rs.52,000. There was an abnormal loss of Rs.3,000 in 2014-15. Goodwill of the firm was to be valued at 2 years purchase of the average profits of last three years. Calculate the goodwill of the firm.
By: Kamal Kashyap ProfileResourcesReport error
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