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P1 C3 VALUATION OF GOODWILL — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C3 VALUATION OF GOODWILL1 Mark
MCQ
No. of years for which average profit can be maintained means $……$
  • ✓
    No. of years of purchase of goodwill
  • B
    No. of years of business
  • C
    Competition years
  • D
    Monopoly's years
✓

Answer

Correct option: A.
No. of years of purchase of goodwill

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