[NCERT] Q 17 Admission of Partner Solutions Class 12

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Solution of question number 17 Admission of Partner NCERT Accountancy solutions Class 12 CBSE Board.

A business has earned average profits of Rs. 1,00,000 during the last few years. Find out the value of goodwill by capitalisation method, given that the assets of the business are Rs. 10,00,000 and its external liabilities are Rs. 1,80,000. The normal rate of return is 10%?

[Ans : Rs. 1,80,000]

Solution:-

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Anurag Pathak

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