a and b are partners in a firm. The capital employed of the firm is ₹500000 and normal rate of return is 10%per annum. Annual salary of each partners is ₹8000.The average profit was ₹80000 for last 10years. calculate the value of goodwill by super profit capitalisation method.
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For the following question, two statements are given – one labelled Assertion (A) and the other labelled Reason (R). Select the correct answer to these questions from the codes (a), (b), (c) and (d) as given below:
(a) Both (A) and (R) are true and (R) is the correct explanation of the assertion (A).
(b) Both (A) and (R) are true, but (R) is not the correct explanation of the assertion (A).
(c) (A) is true but (R) is false.
(d) (A) is false but (R) is true.
Assertion: Viruses do not have a cell wall, cell membrane, nucleus and other cell organelles.
Reason: Viruses may sometimes kill the host cell.
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