Calculate Value of Business According to Adjusted book value method.
- Land & Building -270000
- Plant & machinery-100000
- Stocks-360000
- Drs-160000
- Bank O/D-10000
- Creditors-80000
- Provision for Tax-100000
At the end of F.Y land & Building valued at -280000
G/W-200000
Plant & Machinery-120000
Irrecoverable debtors-4000
Tax-35%
Calculate Value of Bs. According to Adjusted Book Value Method.
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