CA CPT June 2018 Question Paper Fundamentals of Accounting for online practice
© examsiri.com
Question : 43 of 53
Marks:
+1,
-0
The profits earned by a firm were
2014- 15 -Rs.24,000
2015- 16- Rs. 32,000
2016- 17- Rs. 30,000
2017- 18- Rs. 36,500
The profits of the years 2016-17 & 2017-18 included non- recurring income of Rs. 6,000 and Rs. 4,500 respectively.
Calculate the value of goodwill on the basis of 3 year purchase of the average profit of the last 4 years.
2014- 15 -Rs.24,000
2015- 16- Rs. 32,000
2016- 17- Rs. 30,000
2017- 18- Rs. 36,500
The profits of the years 2016-17 & 2017-18 included non- recurring income of Rs. 6,000 and Rs. 4,500 respectively.
Calculate the value of goodwill on the basis of 3 year purchase of the average profit of the last 4 years.
Go to Question: