Question

9. (Weighted Average Profit Method) The profits of XYZ at Amritsar are given below:
Year
Profit
2016
25,000
2017
35,000
2018
40,000
2019
45,000 + 5050
During 2017 there was an abnormal loss of 10,000 due to fire and in 2019 there was a gain
of 5,000 from sale of machinery.
In 2018 the closing stock was under valued * 10,000. The weights are 1, 2, 3, 4 in the year
2016, 2017, 2018 and 2019. Calculate the value of goodwill on the basis is 3 year's purchase
of average weighted profit

Answer 1

We need Parliament :

1)Parliament is responsiblefor making laws

2)Parliament control over executiveof the country thus prevents the misuse of power 3)Parliament has a control over finance of country

4) Parliament also represents people of different country and thus their interests are given concern to.

5 ) It checks the proper working of government.