The profits for 2012-2013 is Rs.2, 000; for 2013 - 2014 is Rs.26, 100 and for...
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The profits for 2012-2013 is Rs.2, 000; for 2013 - 2014 is Rs.26, 100 and for 2014-2015 is Rs.31,200. Closing stock for 2013 - 2014 and 2014-2015 includes the defective items of Rs.2, 200 and Rs.6, 200 respectively which were considered as having market value nil. Calculate goodwill on average profit method. The profits for 2012-2013 is Rs.2, 000; for 2013 - 2014 is Rs.26, 100 and for 2014-2015 is Rs.31,200. Closing stock for 2013 - 2014 and 2014-2015 includes the defective items of Rs.2, 200 and Rs.6, 200 respectively which were considered as having market value nil. Calculate goodwill on average profit method.
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Average Profit Method 2013 2014 26 100 2200 2 12 350 2014 ... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
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