Compute the value of goodwill on the basis of four years purchase of the average profits based on the last five years? The profits for the last five years were as follows
Compute the value of goodwill on the basis of four years purchase of the average profits based on the last five years? The profits for the last five years were as follows:
|  | ₹ |
| 2015 | 40,000 |
| 2016 | 50,000 |
| 2017 | 60,000 |
| 2018 | 50,000 |
| 2019 | 60,000 |
[Ans : Rs. 2,08,000]
Anurag Pathak Answered question August 10, 2024
