Goodwill calculation

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 September 2016 RESPECTED ALL
FOR CALCULATION OF GOODWILL IN A PARTNERSHIP FIRM BY AVERAGE PROFIT METHOD,HOW MANY NUMBER OF YEARS .EITHER ACCORDING TO LAST REVISED PARTNERSHIP DEED OR OLD PARTNERSHIP DEED?


WITH REGARDS
BALU

15 September 2016 it is as per the mutually agreed period between the partners.
the concept is more the number of years, higher will be accuracy of average


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