Question No 2 of TS Grewal (CBSE)

Profits for the five years ending 31st March, are as follows: Rs. 4,00,000; Rs. 3,98,000; Rs. 4,50,000; Rs. 4,45,000; Rs. 5,00,000. Calculate goodwill of the firm on the basis of 4 years’ purchase of 5 years’ average profit.

Solution No 2 of TS Grewal (CBSE)

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