CUET Accountancy - The profit for the five years of a firm are as follows – year 2013 Rs. 4,00,000; year 2014 Rs. 3,98,000; year 2015 Rs. 4,50,000; year 2016 Rs. 4,45,000 and year 2017 Rs. 5,00,000. The goodwill of the firm on the basis of 4 years purchase of 5 years average profits is- | PYQs + Solutions

CUET Accountancy 2025 14 May Shift 2

Partnership

Easy

Rs. 4,38,600

Rs. 21,93,000

Rs. 17,54,400

Rs. 20,45,200

✅ Correct Option: 3

Related questions:

30 May Shift 1

At the time of admission of a new partner, general reserve appears in the old balance sheet is transferred to:

30 May Shift 2

At the time of admission of a partner, undistributed profits appearing in the balance sheet of the old firm is transferred to the capital account of:

4 June Shift 2

Which of the following factors affects the value of goodwill?

(A). Location of Business

(B). Partner's Performance

(C). Nature of Business

(D). Market Situation

Choose the correct answer from the options given below:

CUET Accountancy 2025 14 May Shift 2 PYQs