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1. Mr. X a businessperson has earned the following profits in the last five years.
1995 1, 06,800
1994 1, 03,600
1993 99,400
1992 97,800
1991 96,500
Value goodwill of Mr. X on the basis of three years purchase of average of the
past five years.
2. From the following particulars, value good will of 2 yrs. Purchase of last 5
years.
Year ended Turn Net
over profit
31-12-1990 5,15,0 5%
00
31-12-1991 6%
5,45,0
31-12-1992 7%
00
31-12-1993 7%
5,35,0
31-12-1994 00 7%
5,40,0
00
5,60,0
00
3. The following balance sheet of Kantilal, Chandrakant.
Balance sheet as on 31st March, 1995
Liabilities Amoun Assets Amoun
t t
Capital Machinery 50,000
5. On 10th March, 1995, Rajesh Bhoyar, Gandhinagar, Nagpur draws a 2 months bill
for Rs. 3,000 on Samir Chaudhary Main Road, Belapur. Samir Chaudhary accepted
the bill on 15th March, 1995.