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Profits of a firm for the year ended 31st March for the last five years were: 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, 2014, 2015, 2016, 2017 and 2018. |
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Answer» TE GOOD QUESTIONtimes the AVERAGE annual PROFIT of the previous four or five years whichever is higher. The AGREED PROFITS for goodwillHOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️❤️FOLLOW ME |
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