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  3. 12th Class
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  5. Goodwill

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

  • question_answer
    X and Y are partners. They have calculated goodwill of the firm on the admission of a new partner Z. Goodwill calculated by using Super Profit method = 4,60,000; Average Profit = 3,50,000; Capital employed = 10,00,000; Number of years purchased = 2 years. Normal rate of return was:

    A) 10%

    B) 11%

    C) 42%

    D) 15%

    Correct Answer: C

    Solution :

    42%


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