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
2
Answer:
36000
Explanation:
25000+23000+30000-10000-8000=60000
60000/5*3=36000
Answered by
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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