Question

what is weighted average profit ?​

Answer 1

Answer:

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).

Answer 2

Answer:

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.