the profits for 1988-99 are Rs2000; for 1999-2000 isRs 26100 and for 2000-01 is Rs 31200. closing stock for 1999-2000 and 2000-01 includes the defective items of Rs 2200 and Rs6200 respectively which were considered as having market value NIL. Calulate goodwill on average profit method.
a. rs23700
b.rs 17700
c.rs13700
d.rs17300
can anone answer this question?
thanks in advance:)
U answer u can find in the attached file.
Thank u>
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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Rohit KC Jain & Co
New Delhi
CA Inter
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Suraj Garg and Associates
New Delhi
CA Inter
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Eshwar & Co Chartered Accountants - Nungambakkam
Chennai
CA Inter
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CCI
Pro
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