The profit of ABC Ltd. for the last 6 years were as follows : 2010----12,000; 2011----15,000; 2012----16,000;
Question:
The profit of ABC Ltd. for the last 6 years were as follows :
2010----₹12,000;
2011----₹15,000;
2012----₹16,000;
2013----₹20,000;
2014----₹14,000;
2015----₹25,000.
Compute the value of goodwill of ABC Ltd. on the basis of 5 years’ purchase of weighted average profit after assigning weights 1,2,3,4,5 and 6 serially to the profits.
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Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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