Question

Mahesh and Suresh are partners and they admitted Naresh into partnership they agreed to value goodwill at 3 years purchase on weighted average profit method taking profit for the last 5 years they assigned weights from 1 to 5 beginning from the earliest year and onwards. The profit for last 5 year per as follows year were as follows:
Year ended
31 mar 2016 - 125000
31mar2017 - 140000
31mar2818 - 120000
31mar2019 - 55000
31mar2020 - 257000

Answer 1

Answer:

I hope this will help u

please mark it as brainliest