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

  • question_answer
    The average profit earned by a firm is Rs.75,000 which includes undervaluation of stock of Rs.5,000 on an average basis. The capital invested in the business is Rs.7,00,000 and the normal rate of return is 7%. Goodwill the firm on the basis of 3 times the super profit will be:

    A) 78,000 

    B) 93,000

    C) 63,000

    D) 49,000

    Correct Answer: B

    Solution :

    93,000


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