5 R, J and D are the partners, sharing profits in the ration 7:5:4. D died...

 

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5 R, J and D are the partners, sharing profits in the ration 7:5:4. D died on 30th June 2006. It was decided to value the goodwill on the basis of three years purchase of last five years average profits. It the profits are 29,600; 28,700; 28,900; 24,000 and 26,800, what will be D's share of goodwill? 5 R, J and D are the partners, sharing profits in the ration 7:5:4. D died on 30th June 2006. It was decided to value the goodwill on the basis of three years purchase of last five years average profits. It the profits are 29,600; 28,700; 28,900; 24,000 and 26,800, what will be D's share of goodwill?

Answer rating: 100% (QA)

Old ratio R I and D 754 Calculation of goodwill 1 Avera... View the full answer