Accountancy, asked by rishabhgupta225500, 1 year ago

Goodwill is valued at 1.5 years purchased of avg profit of last 3 years,less Rs 12000.
Profits for 3 yrs are 30000,20000 and 10000. Find goodwill?

Answers

Answered by meettrivedi991

5

Explanation:

Avg Profit: 30000+20000+10000/3

=20000-12000=8000

Goodwill=Avg Profit *Years of Purchase

=8000 * 1.5

=12000

Previous Question

Next Question

Similar questions

Geography, 6 months ago

please answer this question...

Social Sciences, 6 months ago

5.The earth's axis keeps pointing to the pole star and this is called the______________. 1.circle of illumination 2.half light 3.half dark 4.polarity of axis...

Social Sciences, 6 months ago

choose the correct answer 1. Tab innoculation needs to be taken whenever there are cases of (a) cholera (b) tuberculosis (c)malaria (d)typhoid...

Social Sciences, 1 year ago

Which of the following is a correct statement about Indus Valley Civilization? [A] Both Harappa and Mohejodero are is located on the banks of Indus River [B] Both Chanhudaro and Kalibangan were located within the boundaries of present day Rajasthan. [C] Both Surkotada and Dholavira are located in Katch of Gujarat [D] Lothal site was located on bank of Narmada river...

Biology, 1 year ago

list the characteristics of cork ...

Math, 1 year ago

algebra sonhggyyyyyyyyyyyyyyyttt...

Math, 1 year ago

find the rank of a matrix...

Environmental Sciences, 1 year ago

help me friends fastyl all questions and true false...