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  • 22-01-2023
  • Business
contestada

i. Define partnership and explain the importance of the business in Pakistan.
ii. If the profit earned during the last five years Rs. 92,000, Rs. 81,000,
Rs 75,000 and Rs. 70,000. Calculate the value of good will, under the average profit method and 4-years purchase of the average profits of the last five years?

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