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The average profit by a firm …

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The average profit by a firm is 75000 which includes undervaluation of stock of 5000 on an average basis . The capital invested in the business is 700000 the normal rate of return is 7% calculate goodwill of the firm on the basis of 5 times the super profit

Posted by Sana Qaiyum 4 years, 10 months ago

CBSE > Class 12 > Accountancy

4 answers

Tanishq Shukla 4 years, 10 months ago

You understand....?

1Thank You

Tanishq Shukla 4 years, 10 months ago

Undervaluation of stock will be added because it decrease the profit

1Thank You

Tanishq Shukla 4 years, 10 months ago

75000+5000-49000 =31000*5= 155000

1Thank You

Praful Malhotra 4 years, 10 months ago

70000-49000=21000 21000*5= 65000 ans

3Thank You

ANSWER

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CBSE > Class 12 > Accountancy