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The deceased partner's old share is two ninth and firm's goodwill is valued at two years' purchase of average profit ₹ 81000. What is the deceased partner's goodwill amount?

Answer and explanation

Correct answer: ₹ 36000

Total goodwill is ₹ 162000 and two ninth of it is ₹ 36000. First calculate total goodwill then the partner's share.

Related tags

Goodwill-SettlementDeath-Of-PartnerValuationGoodwill SettlementReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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