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.1,50,000; 2019-20 Rs.1,50,000 and 2020-21 Rs.1,50,000. There was an abnormal loss of Rs.30,000 in 2019-20 and closing stock is to be undervalued at Rs.10,000 in 2018-19. Adjusted average profit will be: