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Give formula for calculating goodwill under 'super profit method'.

+2 votes

asked Feb 17, 2019 in Class 12 by kratos

Give formula for calculating goodwill under 'super profit method'.

class-12
reconstitution of partnership
admission of a partner

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1 Answer

+3 votes

answered Aug 5, 2020 by kratos

Best answer

Goodwill = Super Profit x Number of Years' Purchase.

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