Question

The following were the profit of the firm for the last 3 years.
year ending profit
2008 = 375000(including and up
normal gain ₹ 25000)
2009 = 600000(after charging and up normal loss of ₹50000)
2010 = 260000(excluding ₹60000 payable on the insurance of plant and metionary )

calculate the value of good will on the basis of 2 years purchase of the average profit for the last 3 years ?​

Answer 1

Answer:

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