Sakshi and Megha were partners sharing profits and losses in the ratio of 3:1. Capital employed as on 31st March, 2024 was 14,00,000. Profit earned on an average is 1,80,000. Calculate goodwill of the firm on the basis of 5 years’ purchase of Super Profits, if the normal rate of return is 10%.

Answer :

error: Content is protected !!