12th Class
Accountancy
Goodwill
Question Bank
MCQs - Goodwill : Nature And Valuation
question_answer
X and Y are partners. They have provided following information on the admission of a new partner Z. Average Profit = 5,00,000; Normal rate of return = 10%; Net asset (or capital employed) = 30,00,000. Goodwill of the firm (by using Capitalisation of average Profit) will be: