1.

Goodwill is to be calculated at one and half year’ purchase of average profit of last 5years. The firm earned profits during 3 years as ₹ 20,000 ₹ 18,000 and ₹ 9,000 and sufferedlosses of ₹ 2,000 and ₹5,000 in last 2 years. The amount of goodwill will be

A. Rs 12000
B. Rs 10000
C. Rs 15000
D. None of the Above
Answer» B. Rs 10000


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