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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.1,50,000; 2019-20 Rs.1,50,000 and 2020-21 Rs.1,50,000. There was an abnormal loss of Rs.30,000 in 2019-20 and closing stock is to be undervalued at Rs.10,000 in 2018-19. Adjusted average profit will be:

    A) 1,60,000

    B) 1,50,000

    C) 1,63,333

    D) 1,56,667

    Correct Answer: A

    Solution :

    1,60,000


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