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A firm earned ₹ 60,000 as profit, the normal rate of return being 10%. Assets of the firm are ₹ 7,20,000 (excluding goodwill) and Liabilities are ₹ 2,40,000. Find the value of Goodwill by Capitalisation of the Average Profit Method.

a) ₹ 2,40,000

b) ₹ 1,80,000

c) ₹ 1,20,000

d) ₹ 60,000

Anurag Pathak Changed status to publish April 17, 2023
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