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Profits are (₹240000), (₹280000), (₹320000). Second year had abnormal loss (₹30000) and third year had abnormal profit (₹20000). Future annual expense will increase by (₹24000). What is future maintainable profit?

Answer and explanation

Correct answer: Approximately (₹259333)

Add abnormal loss and deduct abnormal profit. Adjusted average is about (₹283333) and after future expense it becomes about (₹259333).

Related tags

GoodwillExpertFuture Maintainable ProfitPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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