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  3. 12th Class
  4. Accountancy
  5. Goodwill

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

  • question_answer
    X and Y are partners. They have provided following information on the admission of a new partner Z. Average Profit = 5,00,000; Normal rate of return = 10%; Net asset (or capital employed) = 30,00,000. Goodwill of the firm (by using Capitalisation of average Profit) will be:

    A) 50,00,000 

    B) 30,00,000

    C) 20,00,000

    D) 70,00,000

    Correct Answer: C

    Solution :

    20,00,000


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