Ultimate Book of Accountancy Class 12 Part A Solutions - Goodwill You can buy this text book from here: http://amzn.to/2s2YSxN Practical Problems Solution 1: Average Profit = 8,000 + 10,000 + 14,000 + 12,000 = 44,000/4 = 11,000 Goodwill = 11,000 × 2 = 22,000 Solution 2: Average Profit = 6,000 - 4,000 - 2,000 + 8,000 + 12,000 = 20,000/5 = 4,000 Goodwill = 4,000 × 2.5 = … [Read more...]