Air Care is the air conditioning prime dealers. They started their business in the year 2013. Since then they are planning to appoint Mr. X as a new partner. This requires valuation of goodwill on the basis of 4 years purchase of average profit of last 5 years, which are: Year Profit Adjustment 2013 156000 Included gain on the sale of land of Rs. 26000 2014 213000 After deducting expense on voluntary retirement payment of Rs. 57000 2015 200000 After the loss on fire of Rs. 80000. 2016 270000 Over Valuation of Closing stock by Rs. 20000. 2017 300000 Including income from dividend of Rs. 20000.
Answers
Answer:
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here is their condition in 2013 in partner 4 years process so it is 213 15600 included so it is 2600 to 42 13000 so it becomes 100000 AED in Rupees by inserting formula 57258 in in 200 2 lakh after the loss on Fire it becomes 100000 minus 18000
Explanation:
1 - 18000 call to 20000 in 20000 call to 80000 that's why 2000 to 2008 thousand in Rupees by insert in the formula in 2017 study thousand interval income from the divide so 2013 2012 23232 legs 332 left and divided 200 it becomes 27 270000 overvoltage closing stock why 20000 it 23000 loss of 3% so we can say that 2000 2000 302017 2008 stop why 27020 thousand and 100 that whites answer is not correct and you are very nice man not nice man vary police Gramin you are donkey man