goodwill is to be valued at two years purchase of 3 years normal average profit of the firm .The profit for 2014-15, ₹20000(including insurance claim received of ₹40000).The loss for 2015-16 ,₹8000 (includin voluntary retirement compensation paid ₹110000 ) .The profit for 2016-17 ,₹105000(including profit of ₹25000 on the sale of a fixed asset . calculate the value of goodwill by average profit method.
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Good night swarish...
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hlo
why not
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i’m Bhumi
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