12th Class
Accountancy
Goodwill
Question Bank
MCQs - Goodwill : Nature And Valuation
question_answer
X and Y are partners. They have calculated goodwill of the firm on the admission of a new partner Z. Goodwill calculated by using Super Profit method = 4,60,000; Average Profit = 3,50,000; Capital employed = 10,00,000; Number of years purchased = 2 years. Normal rate of return was: