If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A's executor on account of goodwill. Goodwill is to be calculated on the basis of 2 years' purchase of the last 3 years average profits. Profits for the last three years are: 6,58,000; 6,92,000; and 8,10,000.

If three partners A, B & C are sharing profits as 5:3:2, then on the d

1.	If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A's executor on account of goodwill. Goodwill is to be calculated on the basis of 2 years' purchase of the last 3 years average profits. Profits for the last three years are: 6,58,000; 6,92,000; and 8,10,000.
Answer» If three partners A, B & C are sharing profits as 5:3:2, then on the death of a partner A, how much B & C will pay to A's executor on account of goodwill. Goodwill is to be calculated on the basis of 2 years' purchase of the last 3 years average profits. Profits for the last three years are: 6,58,000; 6,92,000; and 8,10,000.

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