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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
    A firm earned average profit of Rs.3,00,000 during the last few years. The normal rate of return in the industry is 15%. The assets of the firm were Rs.17,00,000 and its liabilities were Rs.2,00,000. Goodwill of the firm by capitalization of average profit will be:

    A) 5,20,000

    B) 5,00,000

    C) 5,40,000

    D) 5,60,000

    Correct Answer: B

    Solution :

    5,00,000


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