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  3. 12th Class
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12th Class Accountancy Sample Paper Accountancy - Sample Paper-13

  • question_answer
    A firm having the assets of Rs. 4,00,000 and liabilities of Rs. 1,68,000 earns the annual profit of Rs. 36,000. The rate of normal profit being 12%. Calculate the amount of goodwill by capitalisation of super profit method.

    Answer:

    Goodwill = Rs. 68,000


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