12th Class
Accountancy
Goodwill
Question Bank
MCQs - Goodwill : Nature And Valuation
question_answer
The net profits for the last 5 years were: 2016-17 Rs.1,36,000; 2017-18 Rs.1,70,000; 2018-19 Rs.1,90,000; 2019-20 Rs.2,00,000 and 2020-21 Rs.2,49,000. There was an abnormal loss of Rs.20,000 included in the profit of 2017-18 and an abnormal gain of 10,000 included in the profit of 2019-20. Adjusted average profit will be: