CUET UGAccountancyNumerical
Q34. The profits of a firm for 5 years are as follows: Year Profits (*) 2012-13 20,000 2013-14 24,000 2014-15 30,000 2015-16 25,000 2016-17 18,000 Calculate Goodwill on the basis of 3 years purchase of weighted average profits of last five years based on weights 1, 2, 3, 4 and 5 respectively.

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