2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Goodwill

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.1,80,000; 2019-20 Rs.1,50,000 and 2020-21 Rs.2,10,000. Included in the profit, there was an abnormal loss of Rs.40,000 and closing stock was overvalued by Rs.10,000 in 2019-20 but it is correctly brought forward in 2020-21. Adjusted average profit will be:

    A) 1,90,000

    B) 1,93,333

    C) 1,66,667

    D) 1,80,000

    Correct Answer: A

    Solution :

    1,90,000


You need to login to perform this action.
You will be redirected in 3 sec spinner