12th Class
Accountancy
Goodwill
Question Bank
MCQs - Goodwill : Nature And Valuation
question_answer
A firm earned average profit of Rs.3,00,000 during the last few years. The normal rate of return in the industry is 15%. The assets of the firm were Rs.17,00,000 and its liabilities were Rs.2,00,000. Goodwill of the firm by capitalization of average profit will be: