PSEB SS Accountancy Practice Questions - Punjab School Education Board (PSEB) Senior Secondary Accountancy (Class 12 - Accountancy Elective, Subject Code 142) Exam

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Average profits of the last 5 years are ₹90,000. Goodwill is valued at 2 years' purchase of average profits. Goodwill is:

₹1,80,000 ₹90,000 ₹4,50,000 ₹2,70,000

Correct Answer:

₹1,80,000

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