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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
What is the base for the valuation of goodwill?
  • A
    Assets of the business
  • B
    Capital of the business
  • ✓
    Profit earning capacity of the business
  • D
    Liabilities of the business
✓

Answer

Correct option: C.
Profit earning capacity of the business

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