Goodwill calculation

This query is : Resolved

Querist : Anonymous

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

Amol S Joglekar

Amol S Joglekar (Expert)
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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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