Question

The profits disclosed by Chaitra Ltd. for the past 5 years were as follows:
2010-11 Rs 40000 including abnormal profit Rs5000
2011-12 Rs 50000 after charging abnormal loss Rs 10000
2012-13 Rs 45000 excluding Rs. 5000 insurance premium
2013-14 Rs 60000
2014-15 Rs 80000 including profit on sale of building Rs. 20000
You are required to calculate the value of goodwill at 2 years purchase of average profits.​

Answer 1

Answer:

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Answer 2

Answer:

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