Following were the profits of the firm for the last 3 years:
Following were the profits of the firm for the last 3 years:
| Year | Profit (₹) |
| 2020 – 21 | 3,00,000 (including abnormal gain of ₹ 90,000) |
| 2021 – 22 | 2,40,000 (after charging abnormal loss of ₹ 1,20,000) |
| 2022 – 23 | 3,60,000 (excluding ₹ 1,20,000 payable on the insurance of machinery) |
Goodwill of the firm on the basis of 4 year’s purchase of the average profit for the last 3 years will be
a) ₹ 12,00,000
b) ₹ 10,80,000
c) ₹ 12,80,000
d) ₹ None of these
Anurag Pathak Changed status to publish April 16, 2023
