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The deceased partner's old share is three tenth. Average profit is ₹ 60000 and goodwill is valued at three years' purchase. What is the deceased partner's goodwill?

Answer and explanation

Correct answer: ₹ 54000

Total goodwill is ₹ 180000 and three tenth of it is ₹ 54000. First calculate total goodwill and then the partner's share.

Related tags

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

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