Question No 8 of TS Grewal (CBSE)
Profits of a firm for the year ended 31st March for the last five years were:
Year | XXXX | XXXX | XXXX | XXXX | XXXX |
Profit (Rs.) | 20,000 | 24,000 | 30,000 | 25,000 | 18,000 |
Calculate value of goodwill on the basis of three years’ purchase of weighted Average Profit after assigning weights 1, 2, 3, 4 and 5 respectively to the profits for years ended 31st March XXXX, XXXX, XXXX, XXXX and XXXX.
Solution No 8 of TS Grewal (CBSE)
