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12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm : Fundamental

  • question_answer
    Under the capitalisation method of valuation of goodwill, the formula for calculating goodwill is:

    A) super profits multiplied by the rate of return

    B) average profits multiplied by the rate of return

    C) super profits divided by the rate of return

    D) average profits divided by the rate of return

    Correct Answer: C

    Solution :

    [c] super profits divided by the rate of return


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