Average profit of a firm is ₹48,000. The rate of capitalisation is 12%. Assets and liabilities of the firm are ₹4,00,000 and ₹1,70,000 respectively. Find value of Goodwill:
CS Executive · Corporate and Management Accounting · PYQS · December 2020
Average profit of a firm is ₹48,000. The rate of capitalisation is 12%. Assets and liabilities of the firm are ₹4,00,000 and ₹1,70,000 respectively. Find value of Goodwill:
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Corporate Accounting
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