Post Utme Redeemers University 2020 Accounting Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2020 Accounting Objective / Multiple Choice

Question 6 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • ACCOUNTING • objective

In a partnership account, what is the correct method of valuing the goodwill of a partnership?

Answer Options

Correct Answer A. Average of the three-year profits

B. Average of the five-year profits

C. Average of the seven-year profits

D. Average of the nine-year profits

Correct Answer

Correct Option:

Average of the three-year profits

About This Question

This is Post Utme Redeemers University 2020 Accounting Question 6. It is one of the objective questions from the 2020 Post Utme Redeemers University Accounting examination.

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