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Mahesh and suresh are partners they …

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Mahesh and suresh are partners they admit naresh into partnership .they agreed to value goodwill at 3 years purchase on weighted average profit method.profit is..2013=125000,2014=140000,2015=120000,2016=55000,2017=257000 Adjustments are= 1.the second hand machinery was purchased for 5000000on 1 july 2015 and 100000 were spent to make it operational were wrongly debited into repair accounts .machinery is depreciated by @20%p.a on written down value method 2.closing stock as on 31 march 2016 was undervalued by 50000. 3.remmuneration to each partners was considered to be charge against profit nd remmuneration was 50000p.a for each partner Calculate goodwill??

Posted by Harman Singh 6 years, 11 months ago

CBSE > Class 12 > Accountancy

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Saleha Jamila 5 years, 8 months ago

375000

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