Accounting · Partnership - Retirement of a Partner
Raju, Jagbir, and Devender are partners sharing profits in the ratio of 7 : 5 : 4. Devender retires on June 30, 2022. It was decided to value the goodwill on the basis of three years' purchase of the average profits of the last five years, which are ₹ 59,200; ₹ 57,400; ₹ 57,800; ₹ 48,000; and ₹ 53,600. Devender's share of goodwill will be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1₹ 41,400✓
- 2₹ 54,000
- 3₹ 1,65,000
- 4₹ 55,400
Correct answer
₹ 41,400
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Partnership - Retirement of a Partner MCQs →Want more practice questions on Partnership - Retirement of a Partner?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Partnership - Retirement of a Partner