Accountancy, asked by thew41127, 2 months ago

21. A partnership firms has the following profits for last 4 years
2012-13: 80.000
2013-14: 1.10,000 including speculative profit * 15,000
2014-15: 1,00,000
2015-16: 1,50,000 including abnormal gain? 20,000
Calculate goodwill on the basis of 2 years' purchase of weighted average of 4 years.
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Answered by XxShAnTaNuxX
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