Goodwill 20
Asha and Babita were partners in a firm. Their capitals were ₹ 15,00,000 and ₹ 10,00,000 respectively. The profits of the last four years were: ₹ 2019 – 20 2,50,000 2020 – 21 (50,000) 2021 – 22 8,00,000 2022 – 23 5,00,000 The closing stock for the year 2022 – 23 was undervalued by … Read more