Question

. Ranu purchased Rajesh’s business from 1st April 2015. It was agreed that the firm’s goodwill will be valued at

two years’ purchase of average normal profit of last three years .The Profit disclosed by Rajesh’s business for

the last three years were as follow:

The Profit disclosed by Rajesh’s business for the last three years were as follow:

31st march 2013 -40,000 (included an abnormal gain of Rs. 5000)

31st march 2014 -50,000(After charging an abnormal gain of Rs.10, 000)

31st march 2015 -45,000 (Excluded Rs.5,000 as annual Insurance Premium of fir property Insure)

Calculate value of firm’s Goodwill.​

Answer 1

Answer:

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Answer 2

Answer:

@sujal2312

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