Question

Arohi Ltd. Has an assets of Rs. 10,00,000 whereas liabilities are – Partners’ capitals Rs. 7,00,000 and reserve Rs. 1,20,000 and creditors Rs. 1,80,000. If the normal rate of return is 12% and Goodwill of the firm is valued at Rs. 1,80,000 at 2 years’ purchase of super profit, find actual/average profit of the firm.

Answer 1

Answer:

converted into shares or new debentures if the terms so provide. 1. 7. K K Limited obtained a loan of Rs. 10,00,000 from State Bank ...

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