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Annual profit shown by a business …

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Annual profit shown by a business is Rs 20000 normal rate of return 10% total assets of the business firm rs 240000 and liabilities rs 80000 value of goodwill Will be

Posted by Anand Godara 5 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Mohit Dasani 5 years, 3 months ago

1) Asset - liability = capital employed 2)normal profit = capital employed*normal rate of return/100 3)super profit = average profit - normal profit 4) goodwill = super profit - no. Of purchase years Or Goodwill = super profit * 100/NRR now you can solve it or still not

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CBSE > Class 12 > Accountancy

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