7. Bharat and Bhusban are partners in a retail business. Balances in capital & cu Tent
accounts as on 31st March 2020 were:
Capital Account
Current Account
Bharat
4,00,000
1.00,000
Bhushan
4,80,000
20,000(Dr.)
The firm earned an average profit of Rs.97,000. If the normal rate of return is 8%, find the
value of goodwill
(Ans. 25280X) TSM
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— For this, a very big plan has been prepared. ... The company's Profit After Tax (PAT) stood at Rs 139 crore ... to retailers, operating profit dropped to a trickle (Rs 4 crore ).
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