Question

Calculate value of goodwill on basis of 2 years purchases of the average profit of last 3 years
Year
2018
Profit (Rs.)
1,00,000 (including abnormal gain Rs. 10,000)
1.10,000 (after charging an abnormal loss of Rs 20,000)
85,000 (including non business income of Rs. 5,000)
2019
2020​

Answer 1

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