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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.70,000; 2019-20 Rs.52,000 and 2020-21 Rs.60,000. There was an abnormal loss of Rs.28,000 included in the profit of 2019-20. To cover management cost an annual charge of Rs.4,800 should be made for the purpose of goodwill valuation. Adjusted average profit will be:

    A) 55,200

    B) 70,200

    C) 65,200 

    D) 69,200

    Correct Answer: C

    Solution :

    65,200


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