1.

The profit for the five years ending on 31st March, are as follows: Year 2014 ₹ 4,00,000; Year 2015 ₹ 3,98,000; Year 2016 ₹ 4,50,000; Year 2017 ₹ 4,45,000; Year 2018 ₹ 5,00,000. Calculate goodwill of the firm on the basis of 4 years purchase of 5 years average profit.

Answer»

tion:WORKING NOTES:GOODWILL = AVERAGE PROFIT =



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