Question

Calculate to
feer
rash are partners and they admit Naresh into partnership. They agreed to value goodwill
surchase on Weighted Average Profit Method taking profits for the last five years. They
tc from 1 to 5 beginning from the earliest year and onwards. The profits for the last five
12 Mah
Mahesh and Suresh are
at three years' purchase
assigned weights from
ears were as follows:
/ 31st Marc
Year Ended
T21st March, 2015
Dow28
31st March, 2016 | 31st March, 2017 | 31st March, 2018 | 31st March, 2019
1,40,000
1,20,000
55,000
2,57,000
1,25,000
)
Profits
Scrutiny of books of
(1) A second-hand mad
make it operational. 10
f books of account revealed the following:
hand machine was purchased for 5,00,000 on 1st July, 2017 and 1,00,000 were spent to
erational. * 1,00,000 were wrongly debited to Repairs Account Machinery is depreciated
0% p.a. on Written Down Value Method.
Stock as on 31st March, 2018 was undervalued by 50,000.
bration to partners was to be considered as charge against profit and remuneration of
0 000 p.a. for each partner was considered appropriate.
[Ans.: Goodwill 3,75,000.]
(ii) Closing Stock as on 31
(ii) Remuneration to p.
Calculate the value of goodwill.​

Answer 1

Answer:

Explanation:

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