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

  • question_answer
    Average Profit earned by a firm is Rs.1,00,000 which includes undervaluation of stock of Rs.40,000 on an average basis. The capital invested in the business is Rs.6,30,000 and the normal rate of return is 5%. Goodwill of the firm on the basis of 5 times of super profit will be:

    A) 5,20,500   

    B) 5,40,000

    C) 5,42,000

    D) 5,42,500

    Correct Answer: D

    Solution :

    5,42,500


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