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  5. Goodwill

12th Class Accountancy Goodwill Question Bank MCQs - Goodwill : Nature And Valuation

  • question_answer
    Capital employed by a partnership firm is Rs.5,00,000. Its average profit is Rs.60,000. The normal rate of return in similar type of business is 10%. What is the amount of Super Profit?

    A) 50,000 

    B) 10,000

    C) 6,000

    D) 56,000

    Correct Answer: B

    Solution :

    10,000


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