Question

Q.No.3 Sony and Sumsung are partners in a lirm. Their ast three years profit were, in 2017-18
Rs.23,000, 2018-19 Rs 43,000 and 2019-20 Rs. 51,000. During the 2018-19 closing stock was over
valued by Rs.5,000 and 2019-20 goods purchased of Rs 3,000 not considered in the
books
Find out the value of goodwill of the firm in the following cases,
Under average profit method two years purchases of last three years
average profil
ii) Under weighted average profit method, two years purchases of last three years weighted average
profil, when weights are 1, 2 and 3 respectively for 2017 18 2018-19 and 2019-20. ​

Answer 1

Answer:

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