[NCERT] Q 14 Admission of Partner Solutions Class 12

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Solution of question number 14 Admission of Partner NCERT Accountancy solutions Class 12 CBSE Board.

Firm’s Capital in a business is Rs. 2,00,000. The normal rate of return on firm’s capital is 15%. During the year 2015 the firm earned a profit of Rs. 48,000. Calculate goodwill on the basis of 3 years purchase of super profit?

[Ans : Rs. 54,000]

Solution:-

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Anurag Pathak
Anurag Pathak

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