Question

19) X and Y are partners sharing profits and losses in the ratio of 3:2. They agree to take into
partnership for 1/3d share. For this purpose, goodwill is to be valued at two year's purchase of
the average profit of last four years which were as follows
Particulars
Year ending on 31 March 2017
Year ending on 31 March 2018
Year ending on 31 March 2019
Year ending on 31 March 2020
50.000 (Profit)
1 20000 (Profit
1.80000 Profit)
70,000 (Los
On 1st April, 2019 a Motor bike costing Rs 50,000 was purchased and debited to travelling
expenses account, on which depreciation is to be charged 20% pa. Calculate the value of
goodwill​

Answer 1

Answer:

I'm extremely sorry I don't know it's answer