28. A and B were partners in a firm with capitals of 3,00,000 and 2,00,000 respectively. The normal rataof return was 20% and the capitalised value of average profits was 7,50,000. Calculate goodwill of thefirm by capitalisation of average profits method.[Ans.: Goodwill — 2,50,000)(Hint: Goodwill = Capitalised Value of Average Profit - Capital Employed.]ring credit balances in their fixed Capital Accounts please explain me
Answers
Answered by
0
Answer:
28. A and B were partners in a firm with capitals of 3,00,000 and 2,00,000 respectively. The normal rataof return was 20% and the capitalised value of average profits was 7,50,000. Calculate goodwill of thefirm by capitalisation of average profits method.[Ans.: Goodwill — 2,50,000)(Hint: Goodwill = Capitalised Value of Average Profit - Capital
Similar questions