Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Partnership

Question:

The profit for the five years of a firm are as follows-year 2013 Rs. 4,00,000; year 2014 Rs. 3,98,000; year 2015 Rs. 4,50,000; year 2016 Rs. 4,45,000 and year 2017 Rs. 5,00,000. The goodwill of the firm on the basis of 4 years purchase of 5 years average profits is-

Options:

Rs. 4,38,600

Rs. 21,93,000

Rs. 17,54,400

Rs. 20,45,200

Correct Answer:

Rs. 17,54,400

Explanation:

The correct answer is Option (3) → Rs. 17,54,400