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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Compute average profit from the following information. 2016: ₹ 8,000; 2017: ₹ 10,000; 2018: ₹ 9,000 - Accountancy

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Question

Compute average profit from the following information.

2016: ₹ 8,000; 2017: ₹ 10,000; 2018: ₹ 9,000

Sum
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Solution

Average profit = `"Total profit"/"No. of Years"`

= `(8,000 + 10,000 + 9,000)/3`

Average profit = ₹ 9,000

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Chapter 4: Goodwill in partnership accounts - Short answer questions [Page 133]

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Samacheer Kalvi Accountancy [English] Class 12 TN Board
Chapter 4 Goodwill in partnership accounts
Short answer questions | Q III 4. | Page 133
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