Question

From the following information of Babulal and Kantilal's firm, determine the value of goodwill on
the basis of 3 years purchase of last five years weighted average profit :
Year
Profit ()
Tition
2012-13
40,000
2013-14
60,000
2014-15
75,000
90,000
2015-16
2016-17
1,20,000​

Answer 1

Answer:

2012-13

40,000

2013-14

60,000

2014-15

75,000

90,000

2015-16

2016-17