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2. A firm had assets 1,00,000 …

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2. A firm had assets 1,00,000 including cash 10,000. The partners' capital was 70,000 and rest of the balance constituted the reserve. If normal rate of return is 10% and goodwill of the firm is valued at 27,000 at three years' purchase of super profit, find the average profit of the firm. Hint. Capital of firm is 1,00,000 (Assets less outside liabilities)]

Posted by Harshit Dubey 1 year, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Ayushi Singhvi 1 year, 4 months ago

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