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on the basis of two years purchase

Home » on the basis of two years purchase
Posted inAccountancy Class 12 General

A partnership firm earned net profits during the last three years

 15 :-  A partnership firm earned net profits during the last three years ended 31st March, as follows: 2023 – Rs 17,000; 2024 –Rs  20,000; 2025 – Rs 23,000 Capital investment in the firm…
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Posted inAccountancy Class 12 General

Average net profit expected in the future by XYZ firm is Rs 36,000

14 :- Average net profit expected in the future by XYZ firm is Rs 36,000 per year. The Average capital employed in the business by the firm is Rs 2,00,000. The normal rate…
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