Plss answer this question Abhay, Babu and Charu are partners sharing profits and losses equally- They "tee to
equal share Of profit. For this purpose, the value of goodwill is to be calculated on the
purchase of average profit of last five years. These profits for the year ended
1st April. 2018, a car costing was purchased and debited to Travelling Expenses
m which depreciation is to be charged @ 25%. Interest of 10,000 on Non-trade lnvestr.ents
to Income for the year ended 31st March, 2018 and 2019.
Calculate the value of goodwill after adjusting the above.
harat and Bhushan are partners sharing profits in the ratio of 3 2. They decided to admit Manu as