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

  • question_answer
    The net profits for the last 3 years were: 2018-19 Rs.1,10,000; 2019-20 Rs.1,20,000 and 2020-21 Rs.1,30,000-There was an abnormal gain of Rs.6,000 included in the profit of 2018-19 and profit of the year 2020-21 includes gain on sale furniture (furniture book value 10,000 was sold for 13,000). Adjusted average profit will be:

    A) 1,17,000

    B) 1,20,000

    C) 1,29,000

    D) 1,23,000

    Correct Answer: A

    Solution :

    1,17,000


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