Question

Prom
AVERAGE PROFIT METHOD
1. Calculate the value of goodwill as on 1.4.20 if it is to be valued at two years' purchase a
the average profit of last five years. The profits and losses are as follows:
Profit/Loss ()
Year
40,000 (Profit)
2015-16
60,000 (Profit)
2016-17
30,000 (Profit)
2017-18
20,000 (loss)
2018-19
10,000 (loss)
2019-20
[Ans. 40,00​

Answer 1

Answer:

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