Accountancy, asked by mubashiramubi7510, 1 day ago

Q calculate the amound of good will at 3 years purchase of the last 5 years average profit. The firm earned profit during the first 3 years as ₹ 25000,23000 and 30000 and suffered losses of ₹ 10000 and 8000 in the 4th and 5th years ?​

Answers

Answered by ravipanyam2018
2

Answer:

36000

Explanation:

25000+23000+30000-10000-8000=60000

60000/5*3=36000

Answered by mnssarva18
1

Answer:

36000

Explanation:

1st add the profits and subtract the losses

25000+23000+30000-10000-8000

=60000

Average profit for 5yrs= 60000/5

=12000

Goodwill = Average profit × no.of yes of purchase

= 12000×3

=36000

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