12th Class
Accountancy
Goodwill
Question Bank
MCQs - Goodwill : Nature And Valuation
question_answer
The average profit earned by a firm is Rs.75,000 which includes undervaluation of stock of Rs.5,000 on an average basis. The capital invested in the business is Rs.7,00,000 and the normal rate of return is 7%. Goodwill the firm on the basis of 3 times the super profit will be: