Question

2,000
A, B and C were partners in a firm. On 1st April 2019, their capitals were ? 2,40,000, 21,60,000 and
* 200,000 respectively. The profit of the firm for last four years before charging interest on capital 10%
per annum were: 2015-16 2 1,68,000; 2016-17 + 1,92,000; 2017-1871,64,000: 2018-1922,16,000. The partners
have been allowed salary of * 6,000 per month during the last four years. The above profits include
income from investment of 5,000 each year.
Calculate the Value of Goodwill on the basis of 3 years purchase of average profit of last four years
It has been calculated on the basis of 4 years purchase of​

Answer 1

Answer:

Profits to be weighted 1 : 2 : 3, the greatest weight being given to last year. Net profit before partners' remuneration were: 2015–16: ₹ 2,

Explanation:

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