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Goodwill Valuation Questions

Practice 6 Goodwill Valuation questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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6
Total Questions
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2
Easy
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4
Medium
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Hard
Practice by Exam:Accountancy(5)CUET Accountancy(1)

About Goodwill Valuation — practice questions, PYQs & concepts

Goodwill Valuation is a frequently-tested topic on Accountancy, CUET Accountancy. ExamTest.live currently lists 6 Goodwill Valuation questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Goodwill Valuation weight in competitive exams

Across our Goodwill Valuation question bank, the largest sources are Accountancy (5) and CUET Accountancy (1). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 2 easy Goodwill Valuation questions are available — build fluency before moving up.
  • Target weak years: Use the year filter to focus on the most recent 2026 paper or older PYQs you have not attempted.
  • Time yourself: Every question shows the average solve time so you can benchmark your speed against other students.
  • Read every explanation: Even on questions you got right — the explanation often surfaces a faster approach you can reuse.

All Goodwill Valuation Questions(1–6 of 6)

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Q1mediummcqAccountancyCUET Accountancy 2023 11 June Shift 32026
Deepali, Nimisha and Sonam were partners in a firm sharing profits in the ratio of . Nimisha retired and the new profit sharing ratio between Deepali and Sonam was . On Nimisha's retirement, the goodwill of the firm was valued at Rs. . Using the information given in the case study, calculate Deepali's amount of sacrifice or gain in Goodwill.
Q2easymcqAccountancyCUET Accountancy 2023 11 June Shift 32026
Deepali, Nimisha and Sonam were partners in a firm sharing profits in the ratio of . Nimisha retired and the new profit sharing ratio between Deepali and Sonam was . On Nimisha's retirement, the goodwill of the firm was valued at Rs. . Using the information given in above case study, Nimisha's sacrifice of goodwill will be:
Q3mediummcqAccountancyCUET Accountancy 2023 11 June Shift 32026
Deepali, Nimisha and Sonam were partners in a firm sharing profits in the ratio of . Nimisha retired and the new profit sharing ratio between Deepali and Sonam was . On Nimisha's retirement, the goodwill of the firm was valued at Rs. . If information provided in the case study is used, the sacrifice or gain of Sonam share of goodwill will be:
Q4easymcqCUET AccountancyCUET Accountancy 2025 15 May Shift 12026
A business has earned average profits of Rs. 1,00,000 during the last few years and the normal rate of return in a similar business is 25%. Ascertain the value of goodwill by capitalisation of average profits method, given that the value of net assets of the business is Rs. 3,20,000.
Q5mediummcqAccountancyCUET Accountancy 2025 22 May Shift 12026
K, N and P are partners sharing profits and losses in the ratio of . N retires and the goodwill is valued at . K and P decided to share future profits and losses in the ratio of . Find which of the following statements is not correct?
Q6mediummcqAccountancyCUET Accountancy2026
The profits of a partnership firm over five years are recorded as follows:YearProfit (Rs.)2012–1320,0002013–1424,0002014–1520,0002015–1620,0002016–1716,000Calculate the value of goodwill on the basis of three years' purchase of average profits.

Frequently Asked Questions

How many Goodwill Valuation questions are on ExamTest.live?▼
We have 6 Goodwill Valuation questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Goodwill Valuation MCQs free?▼
Yes. All Goodwill Valuation questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Goodwill Valuation questions?▼
Goodwill Valuation questions are commonly asked in Accountancy, CUET Accountancy. You can filter by exam using the links above.
How do I practice Goodwill Valuation questions effectively?▼
Start with easy questions to build confidence, then tackle medium and hard ones. Use the filter buttons to sort by difficulty. Reveal the answer only after attempting each question, and read the explanation thoroughly.