Goodwill of the firm by weighted average

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Target Exam

CUET

Subject

Accountancy

Chapter

Admission of a Partner

Question:

Goodwill of the firm by weighted average profits = Total of................./total of weights.

Options:

Average profit

Super profit

Weighted average profit

Normal profit

Correct Answer:

Weighted average profit

Explanation:

Goodwill= Total of weighted average profit/total of weights.