Average profit of the firm is ₹ 3,00,000. Total assets of the firm are ₹ 24,00,000 whereas Partner’s Capital is ₹ 20,00,000. If normal rate of return in a similar business is 12% of the capital employed
Average profit of the firm is ₹ 3,00,000. Total assets of the firm are ₹ 24,00,000 whereas Partner’s Capital is ₹ 20,00,000. If normal rate of return in a similar business is 12% of the capital employed. what is the value of goodwill by Capitalisation of Super Profit?
[Ans. Value of Goodwill ₹ 5,00,000.]
Anurag Pathak Answered question August 5, 2024