Question

anyone friemd online kai
calculate the amount of goodwill on the basis of two years purchase of the last four years average profits. the profits for the last four years are 1 year loss Rs.10,000 IIyear profitRs.26,000 III year profit Rs.34,000 IV year profit Rs. 5000​​

Answer 1

Explanation:

Given :-

last four years average profits. the profits for the last four years are 1 year loss Rs.10,000 IIyear profit Rs.26,000 III year profit Rs.34,000 IV year profit Rs. 5000

To Find :-

Amount

Solution :-

First we need to find average profit

Average profit = 26000 + 34000 + 5000 - 10000/4

Average profit = 60000 + 5000 - 10000/4

Average profit = 65000 - 10000/4

Average profit = 55000/4

Average profit = 13750

Now

The Amount of goodwill = 13750 × 2 = 27500

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Answer 2

Answer:

$\large{Gud}$$\large\purple{Morning}$$\large\blue{Ankit}$

Refer To The Attachment.