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.70,000; 2019-20 Rs.52,000 and 2020-21 Rs.60,000. There was an abnormal loss of Rs.28,000 included in the profit of 2019-20. To cover management cost an annual charge of Rs.4,800 should be made for the purpose of goodwill valuation. Adjusted average profit will be: