Goodwill of a firm is valued at 2 points
rupees 300000 by three years
purchase of average profit of
past five years profit or loss.
The profit and losses were as
under: 1st year rupees
140000; 2nd year rupees
190000; 3rd year rupees
100000; 4th year rupees
120000; Find out 5th years
profit or loss. *
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Answer:
190000 3rd year rupees
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