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The average profit earned by a …

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The average profit earned by a firm is Rs. 60,000 including abormal income of Rs. 4,000 on recurring basis. Firm had a fixed assets of Rs. 3,00,000 and current assets of Rs. 60,000. Its creditors and other liabilities were Rs. 1,40,000. Calculate Goodwill of the firm based on 3 times of super profit if the normal rate of earnings is 15% . Posted by Ravi Bhatt 5 years, 3 months ago

Posted by Ragini Verma 1 year, 4 months ago

CBSE > Class 12 > Accountancy

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Ragini Verma 1 year, 4 months ago

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Ragini Verma 1 year, 4 months ago

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