The profit for the five years of a firm are as follows:
Calculate goodwill of the firm on the basis of 4 years purchase of 5 years average profits. |
Rs. 16,20,500 Rs. 17,54,400 Rs. 18,24,800 Rs. 15,12,900 |
Rs. 17,54,400 |
The correct answer is Option (2) → Rs. 17,54,400 |