What is Amrita's share in workmen compensation fund ? Option 1: Rs. 3,00,000 Option 2: Rs. 1,80,000 Option 3: Rs. 1,20,000 Option 4: Rs. 1,00,000

The answer is 'Rs. 1,80,000'. View full solution:

CUET Accountancy - What is Amrita's share in workmen compensation fund ? | PYQs + Solutions

CUET Accountancy 2023 28 May Shift 1

Partnership

Medium

Rs. 3,00,000

Rs. 1,80,000

Rs. 1,20,000

Rs. 1,00,000

✅ Correct Option: 2

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The profits for the five years of a firm are as follows – year 2013 Rs. 4,00,000;year 2014 Rs. 3,98,000; year 2015 Rs. 4,50,000; year 2016 Rs. 4,45,000 and year 2017 Rs. 5,00,000. Calculate the goodwill of the firm on the basis of a 4-year purchase of 5 years average profits:

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CUET Accountancy 2023 28 May Shift 1 PYQs

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