12th Class
Accountancy
Goodwill
Question Bank
MCQs - Goodwill : Nature And Valuation
question_answer
The net profits for the last 3 years were: 2018-19 Rs.1,10,000; 2019-20 Rs.1,20,000 and 2020-21 Rs.1,30,000-There was an abnormal gain of Rs.6,000 included in the profit of 2018-19 and profit of the year 2020-21 includes gain on sale furniture (furniture book value 10,000 was sold for 13,000). Adjusted average profit will be: