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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 | |