Question

3 yoou
-
100OGO
1.e., 32,500 x 3.]
6. The profit of a firm for the last five years were as follows:
Year ended 31st March
Profits (3)
2011
(39,000
2012
50,000
2013
52,000
2014
65,000
2015
85,000
On scrutiny of the account, it was revealed that the closing stock of the year 2013-14 was undervalued
by 5,000.
You are required to calculate the value of goodwill on the basis of 2 year's purchase of weighted
average profits. The weights to be used are : 2011-1, 2012-2, 2013-3, 2014-4, 2015-5.
Ans, 130 000 ie
- درا دما
Oro​

Answer 1

i) On 1st December, 2017, major repairs were carried out in respect of the plant, spending * 30,000

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