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X proposes to purchase the business …

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X proposes to purchase the business carried on by y. goodwill was agreed to be valued at 3 year purchase of the weighted avg profit of the last 4 year. The appropriate weight are1, 2,3,4 respectively The profit of 4 year are 2013-₹24000 2014-₹29000 2015-₹23000 2016-₹35000 Adjustment 1) on 1 Oct 2015 a major repair was made in plant incurring ₹8000 which amount was charge to revenue. The said sum is agreed to be capitalised for computation of goodwill subject to dep.@10%p.a on diminishing balance method 2)the closing stock of 2014 was overvalued by 2000 3)it is also agreed that 3000 be charged on annual basis as management expenses which have not been charged earlier Compute the value of goodwill of the business of y

Posted by Akshay Bhattar 5 years, 5 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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