Accountancy, asked by rd737555, 1 month ago

The godwill of a firm is estimated at two year purchase of the average profit are under
2017 -18 20000( including an abnormal gain of 5000)
2018-19 40000 (after changing abnormal loss of rupee 10000
2019-20 42000( excluding 2000as insurance premium of property now to be increased
calculate amount of godwill​

Answers

Answered by Ikaaskhan
0

total adjusted profit= (20k-5k)+ (40k+10k)+( 42k-2k)

= 105k

average profit = 105k/3

= 35k

goodwill of the firm = 35k× 2

= ₹70000

hope this will help you.!

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