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Good will is to be valued …

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Good will is to be valued at 3 yrs purchase of 4yrs average profit profit of the firm were 2019-12000 2020-18000 2021-16000 2022-14000

Posted by Priya Pavi 1 year, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Amazing Techs By Nakul 1 year, 1 month ago

Step 1: Calculation of Average Profit: Average Profit= [12000+18000+16000+14000]/ 4 = 15000 Step 2: Calculation of Goodwill: = Average profit * No. of purchase year's = 15000* 3 = 45000

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