Q.9. Calculate the value of goodwill on the basis of three year's purchase of the ,000 the greatest weightage to be given to last year. Profits of the last five years were ( 80,000 ,000 Year ended 31st March, 2015 Profit 2016: Profit 1,05,000 0 (after considering abnormal loss 2017: Loss 2018: Profit 1,80,000 of R41,500) (after considering abnormal gain of 40,000) 20,000 They age year's pur 2019: Profit 2,00,000 Books of Accounts of the firm revealed that: (0 Closing Stock as on 31st March, 2015 was overvalued by 40,000. 000 (Profit) 000 (Profil) 000 (Los) po0 (Profitl 00 (Profill and dehi on Ist July, 2017. Depreciation was char diminishing balance method. Ans. Value of Goodwill 3.60,000.) Hint Weighted Profit for the year ended 31stMar 2018 5,16,000 and 2019 Calc R10,51,000. % p

Q.9. Calculate the value of goodwill on the basis of three year's purchase of the ,000 the greatest weightage to be given to last year. Profits of the last five years were ( 80,000 ,000 Year ended 31st March, 2015 Profit 2016: Profit 1,05,000 0 (after considering abnormal loss 2017: Loss 2018: Profit 1,80,000 of R41,500) (after considering abnormal gain of 40,000) 20,000 They age year's pur 2019: Profit 2,00,000 Books of Accounts of the firm revealed that: (0 Closing Stock as on 31st March, 2015 was overvalued by 40,000. 000 (Profit) 000 (Profil) 000 (Los) po0 (Profitl 00 (Profill and dehi on Ist July, 2017. Depreciation was char diminishing balance method. Ans. Value of Goodwill 3.60,000.) Hint Weighted Profit for the year ended 31stMar 2018 5,16,000 and 2019 Calc R10,51,000. % p 1,000b Y. They Year's C Profit (Loss, 00 ( profit' O Calculate the value of goodwill On the basis or three year's purchase weighted average profits of the last live yeMs. profits to weighted l. 2. 3. 4 and S. greatest "eightage to given to last year. Pmfits oftir last live years were : Year e•mieå 31st March. 2015: Profit 80.0(Xi 2016 Profit (after considering abnormal loss 2017 : Loss 20.000 of t40,000) 2018: Profit 2019: Profit 2400.000 Books Of Accounts of the tinn revealed that : Closing St'Rk as on 31st March. 201 S was by (iO Repairs to Machinery wrongly debited to Machirrry Account 1st July. 2017. Depreciation was charged on Machinery @ 20% p.a. on diminishing balance method. [Ans. Value of Goodwill Hint Weighted Profit March 2018 and 2019