Question

11. Kiran purchases the business of Sandip on 1st January, 2020. The profits of past 3 years earned by Sandip are as under: 2017: 66,000 (including * 6,000 from sale of machinery). 2018: 72,000 (including theft of goods worth 5,000 during the year). 2019: 62,000 (does not include * 4,000 as insurance premium). Compute the value of Goodwill of the firm based on 3 years purchase of the average profit of last 4 years..​

Answer 1

Answer:

2017: * 66,000 (including 6,000 from sale of machinery). 2018: 72,000 (including theft of goods worth 5,000 during the year). 2019: 62,000 ...

do ur self

Answer 2

Explanation:

sorry I don't know the answer