what is weighted average profit ?
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Weighted Average Profit Method is the method of computing goodwill, where value of Goodwill is equal to the (Weighted Average Profit X Number of year's purchase).
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Weighted Average Profit Method is the method of computing goodwill, where value of Goodwill is equal to the (Weighted Average Profit X Number of year's purchase). Weighted Average Profit are calculated as under : – Assign given weights to the profits of the respective years.
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