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.1,80,000; 2019-20 Rs.1,50,000 and 2020-21 Rs.2,10,000. Included in the profit, there was an abnormal loss of Rs.40,000 and closing stock was overvalued by Rs.10,000 in 2019-20 but it is correctly brought forward in 2020-21. Adjusted average profit will be: