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  3. 12th Class
  4. Accountancy
  5. Fundamentals of Partnership

12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm : Fundamental

  • question_answer
    Excess amount that a firm gets over and above the market value of assets at the time of sale of its business is:

    A) profit                  

    B) super profit

    C) reserve               

    D) goodwill

    Correct Answer: B

    Solution :

    [b] super profit


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