Accountancy, asked by innocentvikki5, 9 months ago

define simple average profit method ?​

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Answered by harshit88384
1

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Answered by priyagagrai38
2

Answer:

Average Profit Method. Under this method, goodwill is calculated on the basis of average of certain agreed number of past years' profits. The average is then multiplied by the agreed number of year of purchase. This is the simplest and the most commonly used method of the valuation of goodwill.

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