12th Class
Accountancy
Goodwill
Question Bank
MCQs - Goodwill : Nature And Valuation
question_answer
Average profits of a firm during the last few years are Rs.80,000 and the normal rate of return in a similar business is 10%. If the goodwill of the firm is Rs.1,00,000 at 4 years purchase of super profit, find the capital employed by the firm.