Question

1. Calculate value of goodwill on basis of 2 years' purchases of the average profit of last 3 years
Year
Profit (Rs.)
2018
2019
1,00,000 (including abnormal gain Rs. 10,000)
1,10,000 ( after charging an abnormal loss of Rs.20,000)
85,000 (including non business income of Rs. 5,000)
2020​

Answer 1

Answer:

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