Question

Profits of the last three years were * 6,000, * 13,000
and 8,000 respectively. Goodwill at two years pur-
chase of the average net profit will be :




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Answer 1

Answer:

Calculation of goodwill-

1. Average profit = Total profit/ No. of years

Average profit = Rs. (42000 + 39000 + 45000)/ 3

Average profit = Rs. 126000/ 3

Average profit = Rs. 42000

2. Goodwill = Average profit * No. of years purchase

Goodwill = Rs. 42000 * 2

Goodwill = Rs. 84000

Answer 2

Answer:

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