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12th Class Accountancy Goodwill Question Bank MCQs - Goodwill : Nature And Valuation

  • question_answer
    The net profits for the last 5 years were: 2016-17 Rs.1,36,000; 2017-18 Rs.1,70,000; 2018-19 Rs.1,90,000; 2019-20 Rs.2,00,000 and 2020-21 Rs.2,49,000. There was an abnormal loss of Rs.20,000 included in the profit of 2017-18 and an abnormal gain of 10,000 included in the profit of 2019-20. Adjusted average profit will be: 

    A) 1,89,000

    B) 1,91,000 

    C) 1,15,000

    D) 1,99,000

    Correct Answer: B

    Solution :

    1,91,000 


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