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Calculate goodwill of a firm on the basis of two year's purchase of the average profit of the last four years. The profits of the last four were as follows: (4) Year ending on 31st March, 2020 Rs.50,000 (Profit) Year ending on 31st March, 2021 Rs.1 ,20,000 (Profit) Year ending on 31st March, 2022 Rs.1 ,80,000 (Profit) Year ending on 31st March, 2023 Rs.70,000 (Loss) On 1stApril, 2022 a scooter costing Rs.50,000 was purchased and debited to travelling expenses account, on which depreciation is to be charged @ 20% p.a. by Straight Line Method. The firm also paid an annual insurance premium of Rs.5,000 which already been charged to Profit and Loss Account for all the years.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Calculate goodwill of a firm on the basis of two year's purchase of the average profit of the last four years. The profits of the last four were as follows: (4) Year ending on 31st March, 2020 Rs.50,000 (Profit) Year ending on 31st March, 2021 Rs.1 ,20,000 (Profit) Year ending on 31st March, 2022 Rs.1 ,80,000 (Profit) Year ending on 31st March, 2023 Rs.70,000 (Loss) On 1stApril, 2022 a scooter costing Rs.50,000 was purchased and debited to travelling expenses account, on which depreciation is to be charged @ 20% p.a. by Straight Line Method. The firm also paid an annual insurance premium of Rs.5,000 which already been charged to Profit and Loss Account for all the years.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate goodwill of a firm on the basis of two year's purchase of the average profit of the last four years. The profits of the last four were as follows: (4) Year ending on 31st March, 2020 Rs.50,000 (Profit) Year ending on 31st March, 2021 Rs.1 ,20,000 (Profit) Year ending on 31st March, 2022 Rs.1 ,80,000 (Profit) Year ending on 31st March, 2023 Rs.70,000 (Loss) On 1stApril, 2022 a scooter costing Rs.50,000 was purchased and debited to travelling expenses account, on which depreciation is to be charged @ 20% p.a. by Straight Line Method. The firm also paid an annual insurance premium of Rs.5,000 which already been charged to Profit and Loss Account for all the years.?.

Solutions for Calculate goodwill of a firm on the basis of two year's purchase of the average profit of the last four years. The profits of the last four were as follows: (4) Year ending on 31st March, 2020 Rs.50,000 (Profit) Year ending on 31st March, 2021 Rs.1 ,20,000 (Profit) Year ending on 31st March, 2022 Rs.1 ,80,000 (Profit) Year ending on 31st March, 2023 Rs.70,000 (Loss) On 1stApril, 2022 a scooter costing Rs.50,000 was purchased and debited to travelling expenses account, on which depreciation is to be charged @ 20% p.a. by Straight Line Method. The firm also paid an annual insurance premium of Rs.5,000 which already been charged to Profit and Loss Account for all the years.? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of Calculate goodwill of a firm on the basis of two year's purchase of the average profit of the last four years. The profits of the last four were as follows: (4) Year ending on 31st March, 2020 Rs.50,000 (Profit) Year ending on 31st March, 2021 Rs.1 ,20,000 (Profit) Year ending on 31st March, 2022 Rs.1 ,80,000 (Profit) Year ending on 31st March, 2023 Rs.70,000 (Loss) On 1stApril, 2022 a scooter costing Rs.50,000 was purchased and debited to travelling expenses account, on which depreciation is to be charged @ 20% p.a. by Straight Line Method. The firm also paid an annual insurance premium of Rs.5,000 which already been charged to Profit and Loss Account for all the years.? defined & explained in the simplest way possible. Besides giving the explanation of Calculate goodwill of a firm on the basis of two year's purchase of the average profit of the last four years. The profits of the last four were as follows: (4) Year ending on 31st March, 2020 Rs.50,000 (Profit) Year ending on 31st March, 2021 Rs.1 ,20,000 (Profit) Year ending on 31st March, 2022 Rs.1 ,80,000 (Profit) Year ending on 31st March, 2023 Rs.70,000 (Loss) On 1stApril, 2022 a scooter costing Rs.50,000 was purchased and debited to travelling expenses account, on which depreciation is to be charged @ 20% p.a. by Straight Line Method. The firm also paid an annual insurance premium of Rs.5,000 which already been charged to Profit and Loss Account for all the years.?, a detailed solution for Calculate goodwill of a firm on the basis of two year's purchase of the average profit of the last four years. The profits of the last four were as follows: (4) Year ending on 31st March, 2020 Rs.50,000 (Profit) Year ending on 31st March, 2021 Rs.1 ,20,000 (Profit) Year ending on 31st March, 2022 Rs.1 ,80,000 (Profit) Year ending on 31st March, 2023 Rs.70,000 (Loss) On 1stApril, 2022 a scooter costing Rs.50,000 was purchased and debited to travelling expenses account, on which depreciation is to be charged @ 20% p.a. by Straight Line Method. The firm also paid an annual insurance premium of Rs.5,000 which already been charged to Profit and Loss Account for all the years.? has been provided alongside types of Calculate goodwill of a firm on the basis of two year's purchase of the average profit of the last four years. The profits of the last four were as follows: (4) Year ending on 31st March, 2020 Rs.50,000 (Profit) Year ending on 31st March, 2021 Rs.1 ,20,000 (Profit) Year ending on 31st March, 2022 Rs.1 ,80,000 (Profit) Year ending on 31st March, 2023 Rs.70,000 (Loss) On 1stApril, 2022 a scooter costing Rs.50,000 was purchased and debited to travelling expenses account, on which depreciation is to be charged @ 20% p.a. by Straight Line Method. The firm also paid an annual insurance premium of Rs.5,000 which already been charged to Profit and Loss Account for all the years.? theory, EduRev gives you an ample number of questions to practice Calculate goodwill of a firm on the basis of two year's purchase of the average profit of the last four years. The profits of the last four were as follows: (4) Year ending on 31st March, 2020 Rs.50,000 (Profit) Year ending on 31st March, 2021 Rs.1 ,20,000 (Profit) Year ending on 31st March, 2022 Rs.1 ,80,000 (Profit) Year ending on 31st March, 2023 Rs.70,000 (Loss) On 1stApril, 2022 a scooter costing Rs.50,000 was purchased and debited to travelling expenses account, on which depreciation is to be charged @ 20% p.a. by Straight Line Method. The firm also paid an annual insurance premium of Rs.5,000 which already been charged to Profit and Loss Account for all the years.? tests, examples and also practice Commerce tests.