InterviewSolution
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InterviewSolution
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Identify the incorrect pair ……(a) Goodwill under Average profit method – Average profit x Number of years of purchase (b) Goodwill under Super profit method – Super profit x Number of years of purchase (c) Goodwill under Annuity method – Average profit x Present value of annuity factor(d) Goodwill under Weighted average profit method – Weighted average profit x Number of years of purchase |
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Answer» (c) Goodwill under Annuity method – Average profit x Present value of annuity factor |
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