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

  • question_answer
    Match the followings : The profit of last 4 years were 2017-18 Rs.1,00,000; 2018-19 Rs.2,00,000; 2019-20; Rs.3,00,000; 2020-21 Rs.4,00,000. Capital employed 15,00,000; Normal rate of return 10%; Number of years purchased 2 years.
    (i)  Normal Profit (a) 2,50,000
    (ii) Average Profit (b) 1,00,000
    (iii) Super profit (c) 1,50,000
    (iv) Goodwill (super profit) (d) 2,00,000

    A) (i)-c; (ii)-b; (iii)-a; (iv)-d

    B) (i)-b; (ii)-c; (iii)-d; (iv)-a

    C) (i)-d; (ii)-a; (iii)-c; (iv)-b 

    D) (i)-c; (ii)-a; (iii)-b; (iv)-d

    Correct Answer: D

    Solution :

    (i)-c; (ii)-a; (iii)-b; (iv)-d


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