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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
Question
What is the base for the valuation of goodwill?
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Answer

Profit earning capacity of the business is the main base for the valuation of goodwill.

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